To get the company ready to build the Model 3, Tesla had to spend a lot of money. That was to be expected. After all, making cars is expensive, especially when a company knows it will have to fulfill several hundred thousand pre-orders right out of the gate. But the rate that Tesla spent money over the last year is still shocking.

Bloomberg reports that over the past 12 months, Tesla burned through $480,000 per hour. That works out to about $8,000 per minute or $133.33 every second....

Continue Reading Report: Tesla has Spent $480,000 Every Hour for the Last Year