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Tesla burns through cash as CEO stays hot on electric future

Friday, August 4, 2017 - 05:50

Tesla has about 455,000 reservations for the Model 3, says Mr Musk, seen here introducing one of the first Model 3 cars off the Fremont factory's production line last week.

San Francisco

TESLA Inc's Elon Musk keeps getting the green light to do what it takes to bring electric cars to the masses, regardless of how much it's going to cost.

The company burned through US$1.16 billion in cash during the second quarter by spending on capacity for its

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