"If we can send a Roadster into the asteroid belt, we can probably solve the production problems for Model 3"
"If we can send a Roadster into the asteroid belt, we can probably solve the production problems for Model 3," said Elon Musk, chief of Tesla and SpeceX, in presenting the company's financial results for the last quarter of 2017. The entrepreneur wants to reassure investors at a difficult time for the electric vehicle manufacturer.
Tesla recorded the largest quarterly losses in its history in the past three months of 2017. That was 675 million dollars. For the past year, losses were nearly $ 2 billion.
In the last quarter of 2017, Tesla recorded revenues of 3.3 billion dollars, and sales were almost $ 12 billion all year round.
Elon Musk believes that at one point in 2018, the company will start generating quarterly operating profit.
At this point, Tesla has problems with production with Model 3, the most affordable car in its offer. The company fails to produce enough units to meet the high demand. In the fifth quarter after the car was launched, Tesla delivered just 266 units. During the period November - December 2017, 1,550 cars were delivered Model 3.
Musk said that at the end of the first quarter of 2018, the production for this model will reach 2,500 units a week, and at the end of June it will be 5,000 cars per week.