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Tesla assures investors Model 3 is on track as cash burn continues

Keeping the sedan's arrival on course is essential to supporting the carmaker's high-flying share price
Friday, May 5, 2017 - 05:50

The Model 3 is expected to start at US$35,000 before options or incentives, with a battery range of at least 40km per charge.

San Francisco

TESLA Inc assured investors its highly anticipated Model 3 sedan is on track to begin production, mitigating concerns that the carmaker led by Elon Musk is burning through more cash to bring the vehicle to market.

The Model 3 remains on schedule for output to start in

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