Tesla takes on $30B in credit as it approaches unprofitability

Look, I get that Elon wants to chase AI, but why not do relatively simple, low-cost things like build a proper 7-seat SUV that uses the Cybertruck platform - or even a properly stretched Model Y platform (rather than the six-seater L)? Or how about a delivery van on a stretched Y platform? Tesla's product line is narrow and aging rapidly.

Sorry TSLA holders, it's partly my fault as I got my 5 years old Model Y checked by a third party garage for everything that should be fixed by Tesla before the end of the main warranty period.

It's okay, we're an AI company now.

Invest the $30B into AI build-out with a company called SpaceX, nice. SpaceX invests some more Cybertrucks, nice.

A friend of mine who's all in on Musk told me a few months ago that Tesla's business hasn't been cars for a while. It's all Optimus and Cybertaxi, where demand will be infinite and we'll all be paid by our governments to stop working since Optimus will do everything and Cybertaxi will take us anywhere. Not today, of course, but in the future. Future being explained in the exact same elastic terms as Musk does. The fact that he was serious and thinks that Musk is the only tech CEO not in this for his own benefit and enrichment is what makes me believe that this is more of a cult than anything else.