Lauren Fix, The Car Coach® is a nationally recognized automotive expert, media guest, journalist, author, keynote speaker and television host. Tesla is a “losing enterprise” that is “going out of business,” says a former GM executive. The company is burning through nearly $500,000 an hour, according to Bloomberg. At this pace, the company will run out of its current cash reserves on Monday, Aug. 6, by Bloomberg’s calculations. Previously, Bloomberg reported that Tesla will blow through $10 billion by the end of this year without making a dime. Also, a European ﬁrm has determined that Tesla’s recently revealed electric semi will require the power of 4,000 homes to recharge. The power required for the megacharger to ﬁll a semi battery in 30 minutes would be 1,600 kilowatts.
December 7, 2017