Tesla, buoyed by strong Model 3 orders, may need more cash

An initial flurry of orders has put Tesla Motors' new Model 3 sedan off to a fast start, but the company may need to raise more cash if it hopes to deliver the new electric vehicle to customers on time, analysts said on Friday. Up to Thursday's close, Tesla stock had soared 60 percent since hitting a 12-month low in February. Chief Executive Elon Musk's ambitious plans include launching the Model 3, Tesla's first mass-market car, in late 2017 and boosting the company's annual production tenfold