No they have to have something like $2-3 billion cash on-hand by 12-31 or they default on the March notes - that's written in the covenants. At the very least they'll have to do another capital raise before EOY which will severely depress the share price, not to mention breaking another Musk promise.
It's either Ch 11 or new capital before EOY. Ch 11 would be best because it reorgs ALL debt but that will wipe out all common shareholders. Capital raise only kicks the can for a few more months before they have to do another, and another and another. That debt load cannot be met. They don't make any profit, they're broke but keep promising more expansion. It's a gigantic fraud at this point.
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