Febrero 21, 2018

Astronomers spot Elon Musk's cosmic Tesla Roadster flying through our solar system

10 Febrero 2018, 01:06 | Gervasio Siguenza

Astronomers spot Elon Musk's cosmic Tesla Roadster flying through our solar system

Elon Musk

The production line is already working there, Bloomberg reports, but it still needs to be shipped to the USA next month before it can be put to use and help alleviate parts-handling issues at its Model 3 assembly plant in Fremont, Calif.

Now that the Tesla was launched into space, does that make it the fastest auto ever?

Tesla's free cash flow was negative at $276.8 million in Q4, way lower than the $1.4-billion cash the company burnt in Q3 and the $969.8 million cash burnt in Q4 2016.

Elon Musk may be entertaining world+dog with his impressive space invasion but back on terra firma his electric vehicle biz Tesla has just reported its fattest ever quarterly loss. Shares of Tesla have fallen 10 percent since September, but are up 10 percent from January.

Tesla initially planned on doing a coast-to-coast autonomous drive in the United States by the end of 2017 but that didn't happen. However compared to its fossil fuel rivals, the electric vehicle company actually produces very few autos and has faced severe delays in production of the company's Model 3, its first battery-powered vehicle for the mass-market.

Musk earned $49,920 previous year, Tesla said Thursday. And as you've seen in the letter, the quarter-over-quarter production of Model 3 is rising exponentially.

In 2017 alone, Tesla lost nearly $2 billion, despite reporting a revenue of roughly $12 billion.

Model 3 went into production in July 2017. If Tesla doesn't meet those goals, Musk won't get paid. Measuring in at almost 160 feet long and 30 feet in diameter, the BFR's second stage, also known as the Interplanetary Transport System, has one goal: to carry as many people and as much equipment into deep space as possible. The proposal must still be approved by Tesla's shareholders, who are scheduled to vote in late March.

"Elon Musk and SpaceX are a part of Tesla brand equity the same way Jeff Bezos is part of (the) Amazon brand", said branding consultant Allen Adamson.

Sometimes when a company is under financial trouble a CEO will also cut his or her pay to $1. All that costs money, which Tesla is burning through at a fast clip. Musk reportedly said his rocket is a game-changer in terms of profitability.

New cars come equipped with safety systems. Its other cars sell for around twice that price.

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