Shares in Electric Car Firm Tesla have risen after it announced a boost in production of its cheaper Model 3 cars in the first quarter.
Tesla's profitability is reliant on increasing its Model 3 production.
The company's shares have fallen in the past week amid speculation over its finances and a fatal US car crash.
The firm said in a statement it had doubled its weekly Model 3 production rate in the third quarter. In the last week, it said, it had produced 2,020 of the vehicles.
"Tesla continues to target a production rate of approximately 5,000 units per week in about three months, laying the groundwork for Q3 [the third quarter] to have the long-sought ideal combination of high volume, good gross margin and strong positive operating cash flow.
"As a result, Tesla does not require an equity or debt raise this year, apart from standard credit lines," it said.