Tesla's Cash Problem: "They" Said That, Not Me; UND Trims Nickname List To Seven -- June 22, 2015

I track Tesla here. Note the last update:

• February 14, 2015: burning through cash, Elon Musk may be losing his marbles.

I'm posting that because there's a story out today:

Tesla's cash problem.

Shares of Tesla (TSLA) losing some ground today.

A report surfaced this morning that the release of electric carmaker's new Model 3 might not come until 2018. It had been expected in 2017.

Still, Tesla shares have been on a steady climb after hitting bottom in March and are now about $35 dollars from their all-time high. Tesla--  with just a single model for sale now--  has a market cap that's more than half of those of General Motors, and Ford, and well above Fiat Chrysler's.

I guess this "cash problem" sort of explains Tesla's recent need to borrow $750 million, and it took 7 banks to come together to agree to the loan.

TSLA slips a bit? Down 1% on a day when the Dow hits a new intra-day high. The Dow closes up 103 points; TSLA down 1%.

For newbies: Tesla is a battery company disguised as an automobile company surviving on tax breaks, subsidies, and grants.

****************************

And Then There Were Seven

Updates

July 22, 2015: now down to five. North Stars and North Dakota (whatever that means) were eliminated; I've updated the original post. LOL. 

Original Post
 
UND trims new nickname list to seven:

• Roughriders
• Sundogs
• North Stars
• Nodaks
• Fighting Hawks
• Green Hawks
• North Dakota

Only one on the list meets my criteria.