During late 2002, rapid spending from Amazon caused it financial distress after revenues stagnated. Bezos borrowed $2 billion from select banks with only $350 million in holdings. After the company nearly went bankrupt, he closed distribution centers and laid off 14% of the Amazon workforce.
Again, it is possible TSLA does everything you hope and succeeds phenominally - but there is a very real chance they barely ever reach profitability or they go bankrupt.
BTW - this was amazon 5-6 years after 20+ years ago.
...
Yep. After the Dot-Com bust. It was also another great entry point to buy AMZN. The same thing could happen to TSLA with a big recession, a big earthquake, or an expensive recall. In a selfish way I kind of wish it would. BTW, TSLA and SpaceX were both within days of bankruptcy back in 2008 I believe and they’ve both done well since then. The bond downgrade last April wasn’t looking too good either, but Musk responded well, though not without controversy. It was a stressful time, no doubt.