Tesla will end up with a comfortable amount of cash by the end of the year — but 2018 could be a different story (TSLA)
Timothy Artman/Tesla
Tesla reported second-quarter earnings on Wednesday, beating analysts' expectations by posting a narrower loss, $1.33 per share, and the $1.88 anticipated.
In its shareholder letter, Tesla also outlined how much cash it intends to burn for the rest of 2017, as it ramps up production of the new Model 3 sedan.
"Capital expenditures should be about $2 billion during the second half of 2017, as we make milestone-based payments for Model 3 equipment, continue with Gigafactory 1 construction... Читать дальше...