The day after Tesla and SpaceX CEO Elon Musk blasted his Tesla Roadster into space, his electric car company’s mounting losses are bringing him back to Earth again. Wall Street expects Tesla to lose $3.15 (U.S.) per share for the fourth quarter. The automaker is struggling to meet production targets for its first mass-market car, the Model 3 sedan. Tesla is expected to lose $8.90 per share for the full year, according to analysts polled by FactSet. The company’s shares jumped 3 per cent to $344.74 in morning trading after SpaceX successfully launched its Falcon Heavy rocket.

Source: thestar February 07, 2018 19:18 UTC