Tesla said it will be profitable in the second half of 2018 - but only if it can make 5,000 Model 3 cars every week.

Reaching that goal is in doubt given the electric car maker produced just 2,270 in the last week of April.

Tesla is striving to produce more cars as questions mount about its financial situation.

The company posted a record quarterly loss of almost $710m (£523m) for the three months to March - more than double the same period last year.

Revenues jumped 26% to $3.4bn, but it continued to burn through cash.

Tesla said it would cut capital spending this year to less than $3bn as it focuses on "near-term needs".

Elon Musk's firm also told investors that it will deliver more of its expensive luxury models in the second half of the year.

Tesla's manufacturing challenges persist, however. It suspended Model 3 production in mid-April in a planned shutdown and expects a total of 10 days of downtime this quarter.

Aida AYSA,
“Khalg gazeti”