Tesla’s Cash Flow Q2 Projections Overshadowed by Advertising Revenue Drop and Debt Burden

In March, Musk hinted that the company would turn the corner by making its advertising more relevant and envisaged breaking even on a cash flow basis in the second quarter. This prediction was overly optimistic. Musk tweeted earlier this month that Twitter’s cash flow was still negative, blaming a roughly 50 percent drop in advertising revenue and the company’s debt burden.