07-02-2018 23:42 via theverge.com

Tesla burns through $2 billion in 2017

Tesla reported record revenue for 2017, floated by customer deposits of the recently announced Semi truck and Roadster sports car. Despite its optimistic sales numbers, Model 3 production issues and cash flow problems haunt the company, but Tesla insists its on track to meet its production goals of 5,000 cars a week by mid-2018.Tesla reported $3.3 billion in revenue, which was expected, but also posted a $771 million quarterly loss — its largest quarterly loss ever. The company reported a
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