Tesla burned through $1.16 billion cash in three months
Tesla burned through a record $1.16 billion cash in the second quarter to launch the electric Model 3 in the market. The Model 3, which starts at $35,000, has more than half a million reservations so far. Tesla CEO Elon Musk said the company, which currently has $3 billion cash in hand, is planning to raise money through debt offering. 