SpaceX Falcon 9 booster at sea likely destroyed, sources say

Starman's journey creates online frenzy after SpaceX launch

Starman's journey creates online frenzy after SpaceX launch

California-based automaker The Palo Alto is struggling to meet production targets for its first mass-market vehicle, the Model 3 sedan.

Tesla lost $1.96 billion for the full year, almost three times its loss of $675 million in 2016.

As McCaffrey suggested, delayed delivery could mean a loss of the full tax credit for customers if Tesla hits 200,000 vehicles before they get their cars. The adjusted loss eliminates one-time expenses, including stock-based compensation. Revenue for the quarter was $3.3 billion, which was in line with analysts' forecasts.

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

Musk is a masterful marketer, and the red ink may not stem investors' excitement. The Roadster is being put into an elliptic orbit toward Mars and will then eventually head back toward the sun. Tesla shares were down 4.72 percent on NASDAQ at 12:13 p.m. EST on Thursday.

Musk said Tesla could have pulled off the cross-country drive on schedule, but it would have required "specialized code" and thus wouldn't be the production-ready system originally promised.

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"I finished looking at the side boosters, and they're pretty big-you know, 16 stories tall, 60-foot leg span", Musk said at a press conference following the launch. However, Tesla has long had difficulty making accurate production forecasts. Since those early days on the drawing board, the "F" portion of the acronym was changed, appropriately, to "Falcon", mirroring the Falcon 9 rockets that have brought the company so much success in recent years - to include effectively serving as the three components of the Falcon Heavy's stage.

Auto companies have been part of the space race for decades. That goal is many years away from being plausible.

Musk admitted this week: "Module production is the limiting factor in Model 3 production, which is ironic because that should be the thing we're best at".

It revealed SpaceX CEO Elon Musk's cherry red sports vehicle.

In a matter of only years, SpaceX turned rocket re-usability from something utterly miraculous to basically routine - last year, the company successfully landed every rocket it tried to. But it fell woefully short on the Model 3, which went into production in July.

The rocket took off at 1:30 am (Indian time) from Cape Canaveral after an exciting countdown although the wind at altitude forced to delay up against a little more the launch, which was initially scheduled at 12:00 pm. But perhaps the most extraordinary part of the whole feat was that Musk sent a Tesla Roadster into orbit driven by a dummy named "Starman".

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