After posting a net loss of approximately $865 million through June 30, electric-car maker Tesla revealed in a Tuesday announcement that it intends selling five million shares to raise cash, as it missed production targets.

The announcement by Tesla comes at a time when concerns are already being raised about the company's long-term viability, especially after the federal government's earlier move to ease pressure on the company in the coming quarters by waiving a few conditions of its $465 million loan.

Tesla has been hit by production lags even after its relentless attempts to ramp up the production of the Models S --- a high-performance sedan which is the company's foremost vehicle, and is capable of picking up speed from zero to 60 miles per hour (mph) in just 4.4 seconds.

Despite the fact that Tesla has commenced the roll out of the first Model S cars, the company's 4-5 weeks behind schedule delivery of the vehicle to the customers led it to a situation in which it consumed cash at a notably brisk rate.

With the company also having made a downward revision in its revenue forecast on Tuesday, CapStone Investments' analyst Carter Driscoll said that "Tesla's story is starting to show some serious cracks"; and added that the situation which the company is currently in clearly shows that "capital raising is a necessity, not a luxury, as the company had maintained."