Insight: Tesla burns cash, loses more than $4000 on every car sold

The charger will lower itself into your Model S charging port, connecting itself quite easily, making the whole process of charging your electric vehicle all that easier.

It has long been a rollercoaster cycle for traders of Tesla because of the fact that going masses in 2010.

The snake-like contraption is completely real though, as evidenced by a 36-second video of it charging a bright red Model S without human intervention.

During the call, a financial analyst asked if that was something Tesla would consider or “does Tesla just cut out the middle man and sell on-demand electric mobility services directly from the company on its own platform”. Elon Musk recently announced that Tesla Motors is considering raising more money from the market.

Automakers consume cash to pay for assembly line equipment, including metal dies and plastic molds, as well as testing to meet safety and emissions standards. Meanwhile, the company had only $1.15 billion cash by June 30, even though it had $2.67 billion a year ago.

Apparently the Tesla engineers don’t seem to have an issue with snakes, nor if their clients have, so they went ahead and designed a supremely creepy hands-free charger for the Tesla Model S. Apparently this comes in a new trend from Elon Musk to basically build everything around him, starting with his cars, hands-free. In order to release the Model X, Tesla reveals it will be spending about $1.5 billion this year. The company has sold 11,532 cars in second quarter. The company could also sell more stock.