Tesla shares fell from record highs this week after an analyst advised that the electric car maker may take longer than originally expected to become profitable.

Elon Musk, Tesla’s CEO, is hoping that the recently launched Model 3, Tesla’s most economically priced car, will make the company profitable and establish it as a leading electric carmaker – ahead of the likes of BMW, GM and other long-established players in the market.

Wall Street has shown a confidence in Musk which has sent Tesla’s stock up 83% over the past year. But some sceptics believe that Musk is burning through cash much too quickly.

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