Saleen Automotive, Inc. (fka SLNN)

[wj2005]

Who would have thought GM would have filed BK on there sales etc several years ago right? Cost share holders BILLIONS but we don't ever talk about that do we? So yes, it can happen with ANY COMPANY and if oil goes to $30-40 a barrel then the tesla bubble could burst. I'm not going to say they would file BK but anything is possible.

I don't remember the exact number but they have millions of dollars for the guarantee trade in value, billions in loans so yes if oil continues its slide less people would be interested in the Tesla IMO? Sales numbers go down, used values go down which Tesla has to cover under the guaranteed trade in value which is a big loser for them IMO. So it is not looking good right now for Tesla.