Tesla Motors Inc. shares fell today after the company, aiming to dramatically boost production, withdrew its projection to generate more cash than it uses this year and said it will probably need to raise capital.
Shares in the electric-car maker fell 5 percent to close the day at $211.53. The shares had surged late Wednesday and early today after Tesla moved ahead by two years its target date for reaching annual production of 500,000 vehicles before sinking on skepticism about the ambitious assembly goals and concerns about cash.
