When the story of Tesla is finally written, this week will be seen as a crucial juncture. On Friday, the electric car company started production on its highly anticipated Model 3, one day after its stock briefly fell into a bear market. The week’s 13% share-price decline as of Friday morning brings the company’s financial position into fresh focus given its historic reliance on the equity market. At first glance, the company has...

Source: Wall Street Journal July 07, 2017 16:52 UTC