Tesla Elon Musk's Tesla announces biggest quarterly loss ever Loss of $675.4m announced day after Musk’s car sent into space in test of SpaceX rocket After a big success for his SpaceX company, Musk’s Tesla reported a heavy loss. Photograph: Brendan Smialowski/AFP/Getty ImagesThe tech billionaire Elon Musk sent one of his Tesla electric cars into space yesterday, a day before the company that built it announced its biggest ever quarterly loss. Musk’s Tesla electric car and energy storage company lost $675.4m in the three months ending 31 December, the company announced on Thursday, compared with a loss of $121m for the same period last year. Play Video 0:32 Timelapse of Elon Musk's dummy astronaut orbiting Earth in a Tesla – videoThe car and its dummy driver are now heading towards the asteroid belt. Tesla made just 2,425 Model 3s in the fourth quarter, and has pushed back production targets multiple times.

Source: The Guardian February 07, 2018 22:06 UTC