In an interview dated 26 November 2018, CEO Elon Musk admitted that Tesla "faced a severe threat of death" earlier in that year and that it was "bleeding money like crazy". This was widely interpreted that it would run out of cash at the rate of its cashburn and would face a liquidity crisis. However, in earnings announcements for 3Q2018 (24 October 2018) and 4Q2018 (30 January 2019) it reported free cash flow of $881 million and $909.6 million respectively. This possibly was due to: O a. Increasing sales and sales collection. • b. Reducing expenses. • c. Reducing capital expenditure. • d. All of the options.