Tesla burns through cash as CEO stays hot on electric future

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 cheapest model yet and boosting battery output. Investors fixated instead on what Mr Musk said is coming next: Hundreds of thousands of Model 3 sedan deliveries, installations of solar roofs and an all-new semi truck to add to the line-up.