A funny response at SA from
PiccardMade Off:
" what you are missing is simple math, which is similar to "stepped exponential" math only different. IF Tesla manages to increase their Gross margin from 18% to 25% they will continue to lose money. Yes, this is fact even if they double their current production. Now, IF you invoke Stepped Exponential Cocktail Math aka SECM it is obvious that Tesla will need a cash infusion of around $4billion to get through 3Q18 as there are no profits on cash bleed as described in the SECM handbook. But that will lead to more leverage on the books and the fundamentals of SECM dictate that the game will end as no one will lend to Tesla at this point."