What's going on with the new model? 新型号怎么样了？

It's dead in the water because the company has no R&D budget. 它因为公司没有研发预算而被搁置了。 

Due to funding constraints, the company does not want to waste the limited financial resources. 由于资金紧张，公司不愿意浪费有限的财力。

Can we develop Model 3? 我们可以开发三号机型吗？

Due to funding constraints, the company does not want to waste the limited financial resources. 由于资金紧张，公司不愿意浪费有限的财力。