Kraig Biocraft Laboratories Inc (KBLB)

[arachnodude]

I admire the guy's intellect and inventiveness but be glad we have a frugal CEO with a degree in Applied Econ...

From the financial news today:

"Nonetheless, Tesla continues to burn through money at an alarming rate. So much so, in fact, that Tesla CEO Elon Musk recently sent an email (obtained via Electrek) wherein the Tesla CEO explained that the company — which has approximately $2.2 billion in cash on hand — may not have enough cash to last beyond a period of 10 months.

“This is a lot of money,” Musk said, “but actually only gives us about 10 months at the Q1 burn rate to achieve breakeven!”

Consequently, Musk explained that the company will be taking a much closer look at employee expenses as it pertains to “parts, salary, travel expenses, and rent.”

Musk conceded that the soon to be implemented cost-cutting measures are “hardcore,” adding that it’s the “only way for Tesla to become financially sustainable and succeed in our goal of helping make the world environmentally sustainable."


IMHO KBLB is being methodically maneuvered to avoid the above scenario at all costs! Have faith in the Genius!