Tesla Inc burned through $US739.5 million ($A999 million) in cash in the second quarter, paving the way for the company to record a $US717.5 million net loss as it continues to crank out electric cars.
Tesla's finances are so dicey that the largest quarterly loss in the company's history couldn't bring investors down.
Tesla's stock was up 5% in after-hours trading.
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Tesla's cash balance fell to $2.2 billion in June, from $2.7 billion in the first quarter.
Tesla expects to product 50,000 Model 3s in the third quarter.
"We like the more muted tone of the company's outlook, with the absence of unnecessary new stretch goals", CFRA analyst Efraim Levy wrote in a note to clients. The vehicle is the first that Tesla is trying to produce in numbers to rival established carmakers, such as General... That is a weekly average of just over 1,400 units.
According to the report, gross margins of the Model 3 turned 'slightly positive, ' and Tesla approximates a significant growth of 15 and 20 percent in Q3 and Q4 respectively.
The net loss of $717.5m (£547.6m) more than doubled that from the same period previous year, and was slightly larger than the first quarter loss.
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Some analysts viewed that claim optimistically. We believe its because the company has scaled down its level of ambitions for expensive and exotic automation production-aids. "Can they sustain profitability if and when they start selling the more affordable, $35K version?"
Musk also stated that Tesla was hiring video game developers to build games which integrate with the Tesla's touchscreen, the driver's smartphone, and the vehicle itself.
Earlier this month, he made an unfounded criminal accusation about one of the rescuers who helped save a group of young boys and their soccer coach from a flooding cave in Thailand. He also had complained about a "dry" question from RBC Capital Markets' Joseph Spak.
Despite its emphasis on cost controls, analysts remained mixed on whether Tesla would have to return to the securities markets to fund its build-out - a capital raise Musk insists the company can avoid.
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Supply chain leaks suggest the company is preparing to launch a bigger-screen version of the iPhone X as well as a cheaper model. The Mac sales were down by 13 percent to 3.7 million units while the revenue declined by 5 percent to $5.3 billion.