Both production and deliveries declined during the first quarter alongside a substantial cash burn. The most recent capital raise will buy the company some time, but they must get their costs under control sooner rather than later if they don't want to rely on the capital markets indefinitely.
Tesla Inc. sustained another blow by Wall Street analysts as Morgan Stanley slashed its worse-case scenario for the share price to just $10 over concern the company has saturated the electric-car market. Eulogy made by Oliver Sachgau and Tom Lavell Source
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