[nthompson]

The product lineup is solid; even if they go bankrupt, the debt owners will simply wipe out the shareholders, prune away the less profitable parts of the business, and scale back the expensive R&D ambitions. The Model 3 will still be produced since the fixed costs are already paid.

(Not my view that they actually will go bankrupt. But failure due to overspending on fixed costs tends to work out differently than being unable to cover marginal costs.)