Tesla Model 3, page-140

FEBRUARY 8, 2018 / 8:16 AM / UPDATED 8 HOURS AGO

Tesla sticks by Model 3 target, warns spending could rise in 2018


SAN FRANCISCO (Reuters) - Tesla Inc (TSLA.O) said on Wednesday it was sticking with Chief Executive Elon Musk’s revised production targets for its Model 3 sedan, cheering investors who have put up with two delays, but the electric automaker’s plans to raise spending this year underscored its growing need for cash...

Money-losing Tesla’s long-term viability depends on annually selling billions of dollars of Model 3s,...

“I‘m cautiously optimistic that we will actually be GAAP profitable with no asterisk,” he added. Using that accounting method, Tesla lost nearly $2 billion last year.
Tesla posted its biggest-ever quarterly loss, ...

Nearly two years ago, Musk proclaimed that Tesla would produce 500,000 vehicles in 2018, which Model 3 troubles has made near impossible...

Tesla burned through $3.4 billion last year, and $787 million in the fourth quarter alone, and said capital spending in 2018 would be “slightly more” than in 2017 ...

https://www.reuters.com/article/us-...rns-spending-could-rise-in-2018-idUSKBN1FR33M