{"id":114073,"date":"2017-02-22T17:55:26","date_gmt":"2017-02-22T22:55:26","guid":{"rendered":"http:\/\/www.thedetroitbureau.com\/?p=114073"},"modified":"2017-02-22T18:17:12","modified_gmt":"2017-02-22T23:17:12","slug":"tesla-posts-q4-full-year-loss","status":"publish","type":"post","link":"https:\/\/thedetroitbureau.com\/2017\/02\/tesla-posts-q4-full-year-loss\/","title":{"rendered":"Tesla Posts Q4, Full-Year Loss"},"content":{"rendered":"
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Tesla's Elon Musk dismissed concerns about possible delays involving the Model 3, which is slated to begin production this summer.<\/figcaption><\/figure>\n

Tesla\u2019s founder and leader Elon Musk dismissed concerns about the much-anticipated launch of its mainstream vehicle, the Model 3, this summer, noting the substantive differences between it and the preceding vehicles.<\/p>\n

Musk noted during the maker\u2019s Q4 earnings call, that the Model 3 is a much less complicated vehicle than its predecessors, lacking some of the gee-whiz technology like the self-presenting door handles.<\/p>\n

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Electrifying News!<\/figcaption><\/figure>\n

Additionally, the company has a track record of success, in terms of production, so suppliers are providing the company with their \u201cA-teams,\u201d making for fewer problems and constraints. Finally, he noted that it\u2019s the company\u2019s fourth time through process and the learning curve will reflect that.<\/p>\n

In terms of its finances, the California-based automaker returned to form, losing $121.3 million during the fourth quarter, or 78 cents per share. During the third quarter, the company was in the black posting a profit of $22 million, or $0.14 a share, which was a much-needed boost for a carmaker.<\/p>\n

(UAW gearing up for organizing battle with Tesla.\u00a0<\/em>Click Here<\/a><\/span>\u00a0for the story.)<\/em><\/strong><\/p>\n

While the losses are disappointing, it\u2019s the news that EV maker is expecting to launch production of its mainstream vehicle, the Model 3, in July.<\/p>\n

\u201cWall Street news aside, the real spotlight on Tesla remains its long-awaited Model 3,\u201d said Michael Harley, executive analyst for Kelley Blue Book. \u201cMusk has to take off his rose-colored glasses and focus on efficiently launching production of its most important vehicle to date.<\/p>\n

(To see more about Tesla’s latest crash controversy, <\/em>Click Here<\/a><\/span>.)<\/em><\/strong><\/p>\n

\u201cIf the company can\u2019t meet its output goals of 5,000 units per week by the end of 2017, which is highly optimistic considering the obstacles it has faced with prior model start-ups, the stumble may be the fall that breaks the company\u2019s knees.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Tesla returned to its old ways in the fourth quarter, posting a loss after a surprise Q3 profit. Company says Model 3 is set to launch in July with full volume in September. Find out more at TheDetroitBureau.com.<\/p>\n","protected":false},"author":4389,"featured_media":105333,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[8],"tags":[],"make":[],"post-state":[],"category_old":[151],"acf":[],"_links":{"self":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/114073"}],"collection":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/users\/4389"}],"replies":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/comments?post=114073"}],"version-history":[{"count":0,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/114073\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media\/105333"}],"wp:attachment":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media?parent=114073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/categories?post=114073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/tags?post=114073"},{"taxonomy":"make","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/make?post=114073"},{"taxonomy":"post-state","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/post-state?post=114073"},{"taxonomy":"category_old","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/category_old?post=114073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}