While Tesla still has many fans and believers, analysts now tend to take a cautious look at Mr. Musk’s pronouncements. In the first quarter, Tesla recorded a loss of $785 million on revenue of $3.4 billion. And the company burned through $745 million in cash, a significant increase from $112 million in the previous quarter. And federal safety experts are also investigating the fatal March 23 crash of a Tesla Model X sport-utility vehicle that was operating with its Autopilot driver-assistance system engaged. Mr. Musk acknowledged anew that Tesla had erred in trying to build a highly automated production line to assemble the Model 3.

Source: New York Times May 02, 2018 20:54 UTC