How to Have a Bank Run

Modern history is littered with the corpses of collapsed banks. From the Great Depression in the 1930s to the financial crisis of 2008 banks have gone down, taking depositors’, lenders’, and shareholders’ funds with them as they fell. All too often they’ve taken the...

Takata May Get Blown Away

Takata Corporation is a Japanese maker of airbags and other automotive safety devices that has had a bad accident. It is recalling 53 million cars to replace defective airbag inflators that have caused six deaths and over 100 injuries around the world. The cost will...

Tesco’s in the Wrong Box

On January 8 Tesco announced more details of its plan to improve its competitive position in the UK, revive its profitability, and bolster its finances. It’s going to cut prices on popular brands, trim £250 million in operating costs, limit capital spending, stop the...

What’s That Burning at Tesla?

We blogged about Tesla just over a year ago, looking at what we called the company’s “liquidity burn.” We thought they only had about a year’s worth of liquidity left. Since then, burning through liquidity hasn’t been Tesla’s biggest problem. Instead, Tesla’s...

How Long Before Tesla Runs Out of Juice?

Tesla Motors has drawn a lot of attention for its sleek, high-performing electric cars. Its Roadster has been an enviro-celebrity favorite for several years, and its new Model S sedan is getting great reviews. The company has been trying to scale up to large-scale...