Tesla Accounting Chief, HR Head Resign on the Same Day; Stock Plunges
And their Chief People Officer, is not coming back from her leave.<p>From the outside it looks like Telsa is about going to go into a tough winter like moment.<p>They are almost losing by winning.  They are at capacity in their Fremont factory but still not making a profit.<p>They need to start designing and building out manufacturing facilities for their next car and the help bolster Model X manufacturing.<p>Stop and think for a second that Tesla is one earthquake away from no longer being a company.<p>- They are cash flow negative,<p>- they have about a year of cash runway left( optimistically)<p>You can&#x27;t just collect insurance money and build a new factory like you can with a house, this is a many year project.<p>Tesla can&#x27;t afford to not build cars for multiple years.<p>Forget the SEC investigation hanging over their head. From what I read, they are likely to get a large fine and a strong talking to.<p>And the most worrying thing for them is that their next car will compete head on with Mercedes, BMW, Audi, and GM.  That will be the first time they&#x27;ve had to compete head on with a competitor.