In the sweepstakes about how soon Elon Musk would resume his incendiary tweeting, “less than a week” was the winning bet.  Tesla’s recent dust-up with US regulators has not changed the habits of its CEO. He goaded the US Securities and Exchange Commission just five days after settling over an earlier tweet. Fears about a potential cash crunch at the carmaker with a market capitalisation of $48bn have not gone away either. The company insists that there is nothing to fear and that the second half of 2018 will be better. Costs have been cut and spending delayed in the hopes of turning a profit. By the end of the third quarter Tesla aims to have cash on the balance sheet above $2.2bn. It needs working capital for existing operations but also wants to fund new projects, including a new factory in China, and must return $1bn to bondholders in the next year. If short-sellers win their case against the company it will have to pay them, too. Short-term repayments seem manageable. Musk’s ill...

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