SpaceX's Tesla Roadster heading to Asteroid Belt


The company has been spending heavily as it rolls out the next generation of electric cars, the Model 3 sedan, a semi truck and other products. Analysts polled by Bloomberg - only a third of whom have a buy rating for the stock - give Tesla an average target price of $319, or 5% below where shares were trading Thursday morning.

Tesla's fourth-quarter shareholder letter can be found in full on the investor relations portion of its website. Notably, they predict operating income will become "sustainably positive" at some point this year and that production of Model 3, as well as the S and X crossover, will continue to grow.

While brand awareness for Tesla is high among "affluent, environmentally-concerned luxury auto buyers", Adamson said, Musk continues to burn through money attempting to mass produce the vehicles. Tesla also reaffirmed its forecast for Model 3 production through the second quarter.

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. Tesla's reiteration of its production target for the quarter was good news, he said.

Except Tesla is only selling the long-range single-motor Model 3 at the moment, with all reservation holders who would like to opt for the cheaper version having to wait until the company is ready to roll them out as well.

How many Model 3s can Tesla actually produce?

Tesla burned through $3.4 billion (£2.4 billion) previous year, and $787 million in the fourth quarter alone, and said capital spending in 2018 would be "slightly more" than in 2017 due to expanded production at its Fremont factory and Nevada Gigafactory.

Revenue Estimates Analysis Of FireEye, Inc. (FEYE)
TRADEMARK VIOLATION NOTICE: This story was originally posted by TrueBlueTribune and is the sole property of of TrueBlueTribune. Analysts believe that the company has the potential to earn average revenue of $186.74 Million for the current quarter.

It doesn't mean the upcoming crossover would have the same chassis as Model 3, though. The company ended the quarter with $3.37 billion in cash.

"If we can send a Roadster to the asteroid belt, we can probably solve Model 3 production".

Still, it faces a wave of electric vehicles from competitors on the horizon. "Jeff Bezos puts billions a year into Blue Origin (his spaceflight company) with no expectation of showing profit any time soon". Officials with Operation Inherent Resolve, the fight against the Islamic State, say a service member died January 31 in what appears to be a non-combat-related incident. "A student developed experiment or early tech demo could have led to even more new knowledge from the mission", Garver tweeted on Thursday evening. The company is in a unique position to own the electric vehicle segment if they can deliver soon.

This still image taken from a SpaceX livestream video shows "Starman" sitting in SpaceX CEO Elon Musk's cherry red Tesla roadster after the Falcon Heavy rocket delivered it into orbit around the Earth on February 6, 2018. But some analysts have questioned whether his myriad of other interests, from space exploration to tunnel boring technology, are a distraction at a critical time within Tesla.

Total revenue rose to $3.29 billion from $2.28 billion.

It looks like Tesla is prioritising the more expensive versions of the auto over the loss-making base variants, but the report mentions that it was not an unexpected move. This was a test launch, so SpaceX needed a dummy payload - and Musk previously said he wanted it to be the "s$3 illiest thing we can imagine".