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Tesla's finances so dire it might run out of money by end of 2018: Analysts

Tesla's market value rose to surpass that of either General Motors or Ford, car companies with a century of experience

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Photo: Reuters

Neal E Boudette | NYT

Last Updated : Mar 30 2018 | 4:54 PM IST

Just a year ago, Tesla looked like a rising force destined to revolutionize the auto industry.

Its battery-powered Model S sedan was the rage among luxury-car buyers. Its Autopilot system seemed far ahead of its competitors in self-driving technology. Its chief executive, Elon Musk, was promising that the more affordable Model 3 would soon roll off its assembly line and bring emission-free driving to the masses.

Wall Street was enraptured. Tesla’s market value rose to surpass that of either General Motors or Ford, car companies with a century of experience.

What a rough ride it’s been since then.

Not only

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