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Tesla cracks Model 3 bottleneck

Tesla has finally broken through some of the production bottlenecks that have been holding back its Model 3, though the rate it is making the cars is still below its own, twice-revised target.

The US electric-car maker led by Elon Musk has also sought to counter critics who warn it could face insolvency, saying yesterday that it would not need to raise more cash this year other than drawing on its existing credit lines.

However, it did not rule out fresh capital raising. Most analysts expect Tesla to return to the markets as it invests in the capacity needed to scale up the Model 3.

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