Tesla’s record net loss in the first quarter and fast-burn through cash is raising questions about the company’s future and whether it will be able to pay all of its bills. Wednesday’s results showed Tesla tearing through $745.3 million in cash in the first quarter, which may put pressure on it to borrow more money or sell additional shares to raise additional cash. Tesla said it began the quarter with $3.96 billion in cash and equivalents, but that fell to $3.22 billion at the quarter’s end. …read more
Source:: Yahoo Finance
