Tesla has moved 47,000 cars so far this year

On the heels of the Model 3 launch last week, Tesla says it is still growing sales of its Model S and Model X amid a soft luxury car market. But boasts of growth don’t make up for the amount of cash the company has burned through to get Model 3 launched by its end of the year target.

The automaker issued its latest quarterly earnings report Wednesday, claiming 22,026 Model S and Model X vehicles delivered for a total of 47,077 through the first half of 2017. That’s about 6 percent off of a previous goal of 50,000 deliveries for the time period that was set in May.

But second-quarter deliveries were a claimed 53 percent higher than the same period last year, Tesla said, and production was...

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