Morgan Stanley Warns Tesla Is Facing Bankruptcy

Live by the crony capitalist sword and die by it.

(From Zerohedge)

Jonas contrasted 2018 by giving his interpretation of where things are today for Tesla: “supply exceeds demand, they’re burning cash, nobody cares about the Model Y, they raised capital near lows” and there’s been “no strategic buy-in”.

“Tesla’s is not seen as a growth story, it’s seen as a distressed credit and restructuring story,” Jonas said later in the call, suggesting that the next step for Tesla is an out of court debt restructuring and/or bankruptcy (preferably a Chapter 11).

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Source: https://www.ac2news.com/2019/05/morgan-stanley-warns-tesla-is-facing-bankruptcy/

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