Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Tesla Motors (NASDAQ: TSLA) is out of cash.

Market Insanity

Tesla Mortgages Factory

These figures indicate that borrowing against the Freemont factory will not save Tesla. If the 5.3-million square foot facility is only worth $1.8 billion, Tesla will not be able to borrow more much more than that against it, and it has $10.76 billion in debt.

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