Elon Musk’s auto company TESLA has been an enormous success in creating stylish, high-performance electric cars and booking more than $10 billion in sales over the last twelve months. The Model 3 is coming, as are a new $200,000 roadster and a semi truck. Yet, TESLA is burning cash at a furious pace and, according to this Bloomberg article, will deplete all of its cash by August of 2018 unless the company issues new debt, or new equity. While we are fans of their products, we continue to be cautious on their stock due to their cash burn and likely need for more cash in the future. Click here to read the recent Bloomberg article that clearly identifies the issues.