Tesla could make it through 2018 without running out of money

Tesla Q2 earnings

Tesla reported second-quarter earnings on Wednesday after the close of market. The company lost more than expected but also brought in more revenue: more than $4 billion. Importantly, although Tesla yet again spent a lot of money in the quarter, it retained $2.2 billion in cash on its balance sheet and slowed its cash burn — remarkable, given the problems it encountered with its Model 3 roll-out.

That’s about $1 billion less that it had at the end of 2017 — but just $500 million less than what it had at the end of the first quarter. The company now expects to hold total capital expenditure under $2.5 billion for the full year while adding to its overall cash position.

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