The Financials of the Falcon Heavy

Starman in Orbit

All of that work is many, many years in the future.

It looks like Tesla is prioritising the more expensive versions of the vehicle over the loss-making base variants, but the report mentions that it was not an unexpected move.

"He appears to be more eager to sell hats and flamethrowers rather than meeting previously stated production targets for Tesla vehicles", Thibault wrote in a note to investors.

He also said Tesla would make capital investments in its planned "Model Y" compact SUV later this year, and that lessons learned from making the Model 3 would be applied to the Model Y.

Despite the production delays, Model 3 net reservations remained stable in Q4. During the last quarter of 2016, Tesla lost a "mere" $121 million. However, huge spending on its three new models in the final three months of 2017, among other investments, saw the company deliver a $675.4 million operating income loss in the fourth quarter.

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Former NASA astronaut Mike Massimino, now a professor at Columbia University's engineering school and he was shocked about the idea of a vehicle traveling in space.

It is significantly cheaper than Tesla's current models - the Model X, an SUV, and the Model S, a sporty saloon, both priced at more than $70,000.

Data could allow astronomers to calculate where it might end up as it travels through the solar system, but for now it's not clear where the pull of the various planets in our neighbourhood will take it.

On the books, the company ended the quarter with a cash balance of $3.4 billion. If Tesla doesn't meet those goals, Musk won't get paid. But Musk said Wednesday he has no plans to step aside as CEO. It's such a flawless photo that you might even forget for a second that, aside from being a huge scientific accomplishment, it's also one of the greatest marketing strategies ever conceived. All that costs money, which Tesla is burning through at a fast clip.

It won't be operational for several years, but Musk said we might see some short liftoffs at the company's test facility in Texas by the end of the year. Launching a Tesla on the test flight may seem insane, but SpaceX and Musk need a successful launch with a lot of publicity so potential customers take notice and decide to use Falcon Heavy in future.

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