Electric car maker Tesla Inc. burned through $739.5 million in cash last quarter, paving the way to a company record $717.5 million net loss as it cranked out more electric cars.
As Tesla pushed to hit its electric vehicle production targets for the quarter, it decided to skip “brake and roll” testing for its Model 3 sedans in its Fremont factory.
Tesla is speeding up the production rate on its most affordable electric vehicle, hitting CEO Elon Musk's goal for the final week of the second quarter even as questions linger about the company's ability to hit that pace consistently.
As Tesla prepares for volume production of its Model 3 sedan in early 2018, the company is taking a prescriptive approach when it comes to establishing an efficient service model that will support its growing fleet of vehicles.
Tesla’s aggressive goals for Model 3 production have run into a series of setbacks for the company’s planned electric semi truck debut, which has again been pushed back from its overdue September launch.
Tesla Inc. said it is expanding its auto service centers and adding 350 mobile service vans as it gears up to support its Model 3 sedan, a mass-market car that is expected to drive a 500 percent increase in the electric car company's sales.
