Can Tesla deliver? Model 3 production projections not met. Electric Vehicles company bleeds cash
“Mr. Musk is facing intense scrutiny as Tesla struggles to ramp up production of the new Model 3 and analysts question whether he’ll need to raise additional cash to keep paying for his ambitious plans.
The company’s negative free cash flow hit about $1 billion last quarter while Mr. Musk says Tesla is on track to be cash-flow positive by the second half, in part because it cut back on plans for capital expenditures this year.”
—The Wall Street Journal, May 4, 2018