03-05-2018 02:53 via theguardian.com

Tesla posts record $710m net loss as it struggles to produce Model 3 cars

Elon Musk got testy with analysts amid concerns over company’s future, after it burned through $745.3m in cash during important quarterTesla 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 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 bo
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