Tesla’s struggles

For months, Tesla’s money difficulties have been chronicled in articles with headlines like “Tesla Is Burning Through Cash” as the company tore through its assets.

On May 3, Tesla reports showed a near-doubling of revenues but also losses piling up.

“Record deliveries helped Tesla boost its revenue to $2.7 billion in the quarter, but a net loss … widened to $330.3 million from $282.3 million a year earlier, largely driven by its SolarCity acquisition,” Fortune reported.

Tesla’s Elon Musk said he believes consumers are confused about whether its still-to-be-released Model 3 is an advance over the more expensive Model S, causing sales of Model S to slow.