The Model 3 is putting Tesla in dangerous territory
Suddenly, everyone is fixated on Tesla's cash burn. Bloomberg recently crunched the numbers and concluded that at its current pace of monetary incineration, Tesla will tap out next August. The numbers are daunting. Tesla is spending more than $1 billion per quarter to sustain its existing business and ramp up production of its troubled Model 3. For a company building just three cars, that's worrisome. General Motors is also spending a billion every quarter — the biggest US automaker manufact ures dozen of different vehicles