Tesla posts record $710m net loss as it struggles to produce Model 3 cars
by Agencies from Technology | The Guardian on (#3P8VZ)
Elon Musk got testy with analysts amid concerns over company's future, after it burned through $745.3m in cash during important quarter
Tesla posted a record $709.6m net loss in the first quarter and burned through $745.3m in cash while struggling to crank out large numbers of its Model 3 mass-market electric car.
The loss and cash burn announced on Wednesday raised questions about the company's future and whether it would be able to pay all of its bills by early next year without more borrowing or another round of stock sales.
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