Cash from Model 3 sales is key to holding off more borrowing.
Tesla said production was rising and a goal of 6,000 cars per week by the end of August had been set.
Chief Executive Musk is under intense pressure to prove he can deliver consistent production numbers for the new sedan, which has faced a host of manufacturing challenges since previous year. It has faced a host of manufacturing challenges since a year ago. In the previous year, Tesla has come under scrutiny for its factory conditions, vehicle production, treatment of employees, odd cost cutting measures, and CEO Elon Musk's fitful interactions with critics. After a struggle Musk blamed in part on relying too much on automation, the carmaker put off capital expenditures toward doubling that rate until it was achieved.
Tesla expects to product 50,000 Model 3s in the third quarter.
Tesla delivered its 200,000th electric auto - including its more expensive Model S and X vehicles - in July, a threshold which means a $7,500 federal subsidy will remain in place to the end of the year.
Musk previously dismissed speculations that his company would need to raise money to stay afloat, promising back in April that it would be profitable in the third and fourth quarters.
Tesla's second-quarter financials are out, and things are looking OK, but next quarter is when things will get truly interesting.
And, Q2 figures were still an improvement from the $1.05 billion loss in Q1. "In the second half of 2018, we expect, for the first time in our history, to become both sustainably profitable and cash flow positive". That's substantially less than the 2017 level of $3.4 billion.
Still, Tesla's second-quarter loss more than doubled to a record $717.5 million, or $4.22 per share. Tesla still hasn't made any $35,000 base model cars available. Mr Musk then took the first two questions from two analysts he was harshest with last quarter - Sanford C Bernstein's Toni Sacconaghi and RBC Capital Markets' Joseph Spak - and offered personal apologies.
Peter Bannon, a former semiconductor architecture engineer at Apple turned leader in Tesla'sAutopilot department, spoke during Tesla's quarterly earning call about the new hardware in the company's portfolio, Autopilot v3. "I'd like to apologize for you know, being impolite on the prior call", he told Toni Sacconaghi of Bernstein, allowing him to ask the first question.
Just as the flare-up contributed to a smackdown in Tesla's stock in May, Musk's contrite tone this time around contributed to today's real-time rise in prices. Investors on Wall Street, meanwhile, were anticipating revenue to fall somewhere in the $3.791 billion range and a loss of $2.90 per share.
Total revenue rose to US$4 billion from US$2.79 billion.
Tesla stock soared in after-hours trading, climbing briefly to a full 11 percent gain before relaxing to a bit over 9 percent, at $329, up from $300.84 at the close of regular trading hours.
Because Trump's wall was funded during the current fiscal year, it would continue for the length of the extension. Cuellar said he remains concerned about the continued separation and reunification of immigrant families.
Epic Games will be applying a new update for Battle Royale and Save The World , moving the game to the new 5.10 Patch Notes . If Fortnite players complete all three of the challenges, they will earn the Birthday Cake Back Bling .
In the capital Harare many people went about their usual daily grind, including queuing up for scarce cash outside banks. Mr Mnangagwa took over the ZANU-PF party after ousting Robert Mugabe in a bloodless coup in November.
He said he would not tolerate any pictures of Manafort and others "at a cocktail party with scantily clad women", if they exist. If the judge rules in their favor, prosecutors could present evidence that delves deeper into Manafort's Russian connections.
Trump Jr. responded that if the information was good, " I love it ", and the two began to arrange the rendezvous. "By Cohen's account, Trump approved going ahead with the meeting with the Russians, according to sources".
Late Saturday, Turkish media quoted Erdogan as saying that Washington "cannot make Turkey back down with sanctions". Vice President Pence has also said the administration would impose sanctions on Turkey if Brunson was not released.
With imports increasingly only by 0.5 per cent, net trade added 1.06 percentage points to the second quarter's GDP growth figure. Due to declines in birth rates, workers will be joining the economy at a slower pace and this hurts overall growth levels.
In order to avoid having to play in the game, they would need to finish with a better record than the Boston Red Sox . Drury, who has played every infield position this season except shortstop, is batting.176 in 18 games in the majors.
NASA study says setting off bombs over Mars isn't the best idea
Starting today, Mars will also appear to shrink in size to observers due to the goring distance between Earth and the Red Planet. Mars and Earth will be the closest together since August 2013, and Perth stargazers will have some of the best views on Earth.
Pompeo's Indo-Pacific strategy is just a start
Pompeo says despite withdrawing from the deal, American companies are continuing to advance US economic interests in the region. The $113 million in assistance will clearly not scratch the surface of the financing needs in the Indo-Pacific region.
Trump claims you need a photo ID to buy groceries
Trump praised DeSantis as "a tough, brilliant cookie" and predicts: "He's going to be your next governor". To be fair, to purchase alcohol and sometimes certain over-the-counter medications requires an ID.
Apple earnings beat expectations as it sells pricier iPhones
Apple made more money from higher priced iPhones in the latest quarter, even as the number of phones it sold did not change much. Apple sold 41.3 million phones from April to June, a modest bump from the 41 million sold during the same period in 2017.
Harley goes adventure-touring | Meet the Pan America 1250
Last year, Bajaj Auto and British motorcycle maker Triumph Motorcycles announced their plans to make mid-capacity motorcycles. Sales have fallen in the past year, and Harley-Davidson stock has declined 15 percent so far this year.