A Tesla dealership is seen in West Drayton, just outside London, Britain, February 7, 2018. REUTERS/Hannah McKay
SAN FRANCISCO: Tesla Inc said on Feb 7 it was sticking with chief executive Elon Musk's revised production targets for its Model 3 sedan, cheering investors who have put up with two delays, but the electric automaker's plans to raise spending this year underscored its growing need for cash.
Reflecting the mixed fourth-quarter report, shares of the Palo Alto, California-based company, which are up 10% since the start of the year, were barely changed in extended trading.
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