Science

You probably made more than Elon Musk past year

You probably made more than Elon Musk past year

Despite the competitive environment, Tesla's stock has soared 35 percent in the a year ago, making the company the second-most valuable USA automaker, with a market capitalization of 45.5 billion euros, just behind General Motors Co, which had net revenue of $118.5 billion in 2017.

The Model 3 will be the key to Tesla's success - or failure - in 2018.

Tesla's fourth-quarter net loss more than quintupled as the company continues to spend money at a torrential rate to ramp up production of its new mass-market electric auto.

"So if you take four years, I think, 100,000 units a year is a reasonable expectation", he says.

The company is testing the world's most powerful launching rocket falcon heavy.

This revealed the vehicle will indeed travel further than the orbit of Mars, but ultimately will not reach the asteroid belt.

On Wednesday, Musk reiterated Tesla's most recent guidance, saying Tesla plans to be making 10,000 Model 3s per month by the end of the first quarter and 20,000 per month by the end of the second quarter. The company is putting off spending to double its production rate until reaching that milestone.




"He appears to be more eager to sell hats and flamethrowers rather than meeting previously stated production targets for Tesla vehicles", Thibault wrote in a note to investors. Tesla ended the fourth quarter with $3.4 billion in cash; its capital expenditures were $3.4 billion in 2017 and it said they will likely grow slightly this year as the company adds more stores, service centers and fast-charging Supercharger stations. Tesla also said reservations for the vehicle remain "stable" despite the delays, but it didn't give a total.

Tesla shares swung between gains and losses in early NY trading as bulls and bears continue to battle for the narrative. The stock is up about 11 per cent this year through Wednesday's close after surging 46 per cent in 2017. It may have helped that fourth-quarter revenue totaled $3.29 billion, up 43.9% from a year earlier.

Some of the expenditures planned for this year are linked to what's coming next to Tesla's lineup.

Where is the Tesla roadster now?

We've seen Tesla fans get upset when the media called this a "PR stunt", but that's precisely what it is.

Don't worry about Musk getting by on his modest pay.

Musk said Tesla has learned some valuable lessons about production and is steadily resolving problems with the Model 3.


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