D.R. Barton on Varney & Co.: Why Tesla Is “Burning Cash”

Tesla is at the forefront of innovation in the automobile space. With its emphasis on electrical power and autonomous driving, the company has many feeling optimistic about its trajectory for the upcoming decades. 34,500 Tesla vehicles were produced in the first quarter this year, including 2,020 Model 3 vehicles within the last 7 days. But Tesla, according to D.R., is burning cash. Here’s his thoughts on whether or not the company is currently a buy…

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