Tesla’s burning through $4 billion a year, or $8,000 a minute, Bloomberg data show. Few Tesla watchers expect the cash burn to continue at such a breakneck pace, and the company says it’s ramping up output of the all-important Model 3, which will bring money in the door. But the company’s need for fresh cash was highlighted last week when Elon Musk unveiled his latest plan to raise funds: asking customers to pay upfront for vehicles that may not be delivered for years. |