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.

Tesla has announced that its Model 3 is now open to all for sale in North America.

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.

In a leaked email obtained by CNBC, Tesla CEO Elon Musk recently said that Model 3 production still needs radical improvements to meet targets.

Tesla said Tuesday it will cut thousands of jobs, aiming to improve its finances as it accelerates production of its newest electric vehicle.

Recent sales data indicates that, in the U.S., the Tesla Model 5 is the top-selling electric vehicle, but the Chevrolet Bolt EV is closing the gap.

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.