Tesla targets 2,500 Model 3s a week while posting largest quarterly loss

From Engadget - February 7, 2018

In the fourth quarter ending on December 31st, the company lost $675.35 million dollars. During the same quarter in 2016, the company lost $121.38 million.

But the company was able to grow revenue from $2.85 billion in Q4 2016 to $3.288 billion this past quarter. More than expected by analysts. It also announced that it expected to begin generating "positive quarterly income on a sustained basis" in 2018.

Meanwhile, on the Model 3 production front, the company hopes to hit 2,500 Model 3s per week by the end of the first quarter and plans to be producing 5,000 Model 3s by the end of the second quarter. That should be good news to anyone waiting on reservations.

During a third-quarter call with investors last year, CEO Elon Musk talked about the various levels of Dante's hell the company was in as it tried to ramp up production.


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