The company’s first public report may matter more for Rocket Lab, Redwire, Planet Labs, and BlackSky
Source: Kanisorn | stock.adobe.com
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In May of 2019, Tesla (TSLA) was a $12 stock (split-adjusted).
The company had just bled roughly $1 billion of cash in a single quarter – the latest installment in a free-cash-flow bonfire that had consumed some $24 billion since 2011. And after a furious Model 3 production ramp in late 2018, Wall Street took the early ‘19 delivery slump as a harbinger of doom.
