As someone who bought Tesla stock for the first time yesterday: We all know the standard Seeking Alpha hype - we've been hearing it for years. Tesla is going to be imminently bankrupt! Any day now! Last summer they were were supposed to be going bankrupt this winter. Last fall they were supposed to be going bankrupt this spring. This winter the bankruptcy was supposed to be this summer. Get ready for the imminent fall bankruptcy sweeps. If I may be allowed to rain on their short-selling parade for a moment. 1) Let's start with the part that they either ignore or choose not to believe: rising revenue. As Model 3 production ramps -and it is ramping - revenue increases. Negative margins on Model 3s turn into positive ones, and then increasingly positive ones. Even in a bad case, where the Grohmann line is a complete failure and it's back to the drawing board, and all they get is rate improvements from the stabilization of the newly parallelized zones , this significantly delays the "Doomsday". In a "as-intended" case, it completely reverses the situation. Tesla predicts that it will have its first sustainably-profitable quarter late this year. One can refuse to believe then and make "there's always delays with Tesla" arguments. Sure - Tesla is usually (although not always) too optimistic in the short-term. But that doesn't change the fact that even a "miss" pushes the cash crunch into the future, creating more time for said "hit". It's also worth pointing out that rising revenue doesn't just apply to Model 3; it applies to pretty much everything Tesla is involved in - energy, solar, etc. Tesla has been going through a capex-intensive phase in every regard recently, and has yet to significantly reap the fruits from that spend; this will increasingly change over the course of the year. 2) I want to take a second to reiterate the elephant in the room, which is how spectacularly wrong the bears have been with their past bankruptcy calls. Let's see, how has Tesla's cash changed over the past five quarters? Q4 '17: $3,4B Q1 '18: $4,0B Q2 '18: $3,0B Q3 '18: $3,5B Q4 '18: $3,4B Does that look like the cash-on-hand trend of a company that's going bankrupt? Now, I bring this up in order to call out the inevitable counterpoint: "Yeah, but the methods they used to generate cash were one-time events!" This would be an excellent point, if only for one niggling detail: where were you talking about the possibility of cash raises from these one-time events before they happened? The bears preached bankruptcy, no way to raise cash except dilution, if even that - but then, once cash raises happened, it became, "Well, of course they could raise cash that way, but they're doomed now!" It's like listening to people saying that Nostradamus predicted the September 11th attacks - well, where were you on September 10th? 3) I'm not going to go into various ways Tesla can raise cash internally, as I have no particular expertise in this regard; I simply wish to point out one glaring external detail: Elon Musk. A guy who is anything if not famous for going all-in, and who designed compensation for himself premised only on Tesla becoming huge. A few little reminders: A) Tesla is not the only company Elon runs. B) Tesla has previously used his companies as vehicles to bail out even family members' companies, let alone his own; and C) Most stakeholders in Elon's companies cheer him on in the process. SpaceX is on a roll. Falcon Heavy was a huge success. They're in the process of doing five (nearly six) launches in a single month right now. They're about to transition to Block 5 (first launch in a couple weeks), which after qualification will allow 10 launches without refurbishment between launches, and 100 or more with refurbishment. They've launched the first two test satellites for their potentially massively profitable constellation. And there's huge market interest to buy into SpaceX (and a lot of (hopeless) wishing for Musk to take it public). If Tesla needs cash? Gee, who wants to bet that SpaceX doesn't suddenly decide that they need a fleet of Semis and a megacharger route between Vandenberg and Canaveral? Bet they could use some big Powerpack backups to ensure that the cooling system for their LOX never goes out and to timeshift their power usage, couldn't they? Gee, engineering needs are unexpectedly high for a new support system for BFR, might as well contract it out to Tesla so they can stay focused on the rocket, no? Etc. Incestuous? You bet. Would stakeholders go along with it without much of a fight? You bet. Let's not forget Boring Company, which is actively bidding for major transportation contracts right now, such as being a finalist for a Chicago Loop system. Expect a major capital raise whenever they feel the need to go from "test tunnels" to "operational systems". Now, remind me again what Loop is? Oh yeah, it's a bunch of battery powered electric vehicles driving through tunnels. Gee, I can't possibly imagine who they'd contract out to build them, can you? Speaking of an incestuous relationship, it was SpaceX engineers that initially did the work on Hyperloop that led to the formation of Boring Company. Don't get me wrong, there will always be some investors upset. See, for example, the case of SolarCity. But by and large, most investors have shown themselves perfectly happy to see this synergy (there's many that wish for a literal SpaceX-Tesla merger, although Musk has no interest) ---- In short, to sum up: 1) Tesla's cash burn will slow, and at some point reverse, as its past capex begins to translate into revenue, across Tesla's divisions. Every bit of slowed burn means more time to achieve their goals. Tesla's bonds due this year are only $232M in November; the big payout isn't until next March ($920M). 2) Tesla's bears have proven time and time again to only be able to see new sources of capital or decreases in expenses in the rear view mirror, and I see no reason to doubt that again. 3) Musk's past history of an incestuous relationship between his companies, stakeholder acquiescence to it, and a history of going all-in on his operations, leaves no reason to doubt that this will happen again should it ever be needed.