Tesla's moon stunt begins to impact profitability
Posted: February 11th, 2018, 11:53 am
On the night of February 7, just hours after one of its cars was sent hurtling toward Mars, Tesla reported its fourth-quarter earnings for 2017. It posted $276.7 million in losses for that quarter—that’s a good chunk of change to lose, but it’s a small price compared to the $1.4 billion Tesla spent in quarter three.
Tesla is also planning for a fully autonomous vehicle to complete a coast-to-coast drive sometime in 2018, although similar plans made more than a year ago never came to fruition. It opened 12 Tesla stores in Q4, making a network of 330 dealers worldwide. Then, Tesla’s Mobile Service fleet also increased to 230. It claims that Mobile Service is available all over North America and costs less than repairs made at a traditional service center.
Tesla acknowledged plans to produce both the Semi and Roadster but did not state when they may be expected to go into production. It will test the Semi in the real world by using them to deliver Model 3 components to its Gigafactory.
Tesla is also planning for a fully autonomous vehicle to complete a coast-to-coast drive sometime in 2018, although similar plans made more than a year ago never came to fruition. It opened 12 Tesla stores in Q4, making a network of 330 dealers worldwide. Then, Tesla’s Mobile Service fleet also increased to 230. It claims that Mobile Service is available all over North America and costs less than repairs made at a traditional service center.
Tesla acknowledged plans to produce both the Semi and Roadster but did not state when they may be expected to go into production. It will test the Semi in the real world by using them to deliver Model 3 components to its Gigafactory.