A man cleans a Tesla Model 3 car during a media preview at the Auto China 2018 motor show in Beijing, China April 25, 2018. REUTERS/Jason Lee
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Tesla's record net loss in the first quarter and fast-burn through cash is raising questions about the company's future and whether it is able to pay all its bills.Tesla struggled to produce the mass-market Model 3 electric car during the quarter, falling short of production estimates.The company said it improved battery module production during the quarter, overcoming a large bottleneck, and it now expects to hit 5,000 Model 3s per week, or 20,000 per month, by around early July.Tesla Inc., has had only two profitable quarters in its nearly eight years as a public company.Instead, Tesla made only 2,425 during the entire fourth quarter.Then Tesla forecast 10,000 Model 3s per month at the end of the first quarter. The Fremont factory was shut down for four or five days last month to clear production bottlenecks, Tesla said. Tesla has predicted high sales and strong cash flow in the third quarter.
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