I'm not a trader, but a retiree who is a long term investor and also an accountant, so I certainly know the difference between long term debt and current assets. When a company has -0- profits, is hemmoraging cash and can't meet production schedules and when it plans to go into the market for outside long term debt to cover the shortfall, that's a danger signal to me that rough waters are ahead.
Based on what the company has done so far, its stock price has an insanely high valuation.
I didn't ask about that, I asked what their patent pool was; you seem to think it's worth zero, I think the reason why it has value is some might think its assets and patent pool are worth more than you think the company is worth, and maybe it's just ripe for a takeover.
As for the future markets, with incomes stagnant, and wages more likely to decline, few people can afford to buy them, actually. We're selling even cheap cars with 6 and 7 year loans now, a ridiculous length of time for car loans, just to get people in them, so the market for Teslas is already small and getting smaller.