Tesla isn't making any promises on Model 3 production targets (TSLA)

pulse

February 7, 2018 10:26 PM

The carmaker is hedging its statements about how many cars in will make in the first and second quarters.

But it also said that a troubled
On the plus side, it expects to sell another 100,000 Model S and Model X vehicles in 2018.

Tesla lost less money in the fourth quarter than expected — and brought in slightly more revenue than analysts anticipated.

However, the carmaker still lost almost $12 per share in 2017, on a nonadjusted basis, more than double its 2016 loss.

A big loss that's not as big as anticipated is still a big loss. And that loss can largely be attributed to the glacial production ramp of the Model 3, Tesla's car-for-the masses.

In its Q4 and full-year 2017 investor letter, the company restated its goal to produce 2,500 Model 3s weekly by the end of the first quarter and take that to 5,000 by the end of the seconds.

However ... there's a but.

pulse