Tesla Continues to Burn Through Cash

CEO Elon Musk reiterates that Tesla is still on pace to make about 5,000 Model 3s in a single week

Tesla Inc. burned through cash at a greater rate than analysts expected during the first quarter, intensifying pressure on the Silicon Valley auto maker to raise more capital if it continues to struggle ramping up production of the Model 3 sedan.

The company’s free cash flow widened to about $1 billion after burning $277 million in the final three months of last year, a figure that was unusually low thanks, in part, to delays in spending and customer deposits.

...