There's a reason TSLA is one of the most hated stocks on wall street (~31% float shorted) which boils down to free cash flow and net debt load. It appears the more cars Tesla sells the worse the cash flow. This is really an interesting stock to watch over the next few quarters. If TSLA has to raise cash it would probably be dilutive and harmful to common share holders as terms and conditions attached to new capital will be harsh. Yet there are a lot of bullish investors betting Elon can pull the cash flow around and get the model 3 production up to reach economies of scale for positive cash flow. I'm betting the turnaround will be delayed and capital will be raised.