Tesla could make it through 2018 without running out of money (TSLA)
Joe Skipper / Reuters
- Tesla reported Q2 earnings on Wednesday, with a wider loss than expected but a beat on revenue.
- Tesla ended the quarter with $2.2 billion in cash and expected total capex for 2018 to be less than $2.5 billion, roughly $1 billion less than in 2017.
- "Ultimately, our capital expenditure guidance will develop in line with Model 3 production and profitability," Tesla said in its Q2 investor letter.
Tesla reported second-quarter earnings on Wednesday after the close of market.