Tesla is bleeding money and its debt is rising. It had about $940 million less cash on hand as of Sept. 30 compared to the same date last year. Tesla boosted its cash from the previous quarter due to a bond issue earlier this year. At the same time its total current liabilities, defined as debt or other obligations that come due within a year,was about $2.34 billion as of Sept. 30 compared to about $1.84 billion at the same time last year. Tesla will need more cash to meet its goals of selling 500,000 cars a year by 2020.
