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Tesla reports record loss, says Model 3 still delayed

Ethan Baron, The Mercury News on

Published in Business News

To prepare for widespread deployment of Model 3s, Tesla opened "several" large "Supercharger" stations along what it described as its "most popular corridors," including between San Francisco and Los Angeles and between Los Angeles and Las Vegas where the stations have customer lounges, cafes and 40 charging stalls, the company said.

The Tesla semi truck unveiled in November will be used to carry Model 3 components from the firm's "gigafactory" in Nevada to its manufacturing plant in Fremont, Tesla said.

"Additionally, our initial fleet customers who placed reservations for the Tesla Semi have been helping us develop the best possible truck," Tesla said.

During a conference call scheduled for 2:30 p.m. Wednesday, Tesla is expected to face questions from analysts about Model 3 production and other concerns.

Tesla more than doubled its revenue from its solar power and battery business, to $298 million in the fourth quarter of 2017, from $131 million in the same period of 2016. "We expect energy storage products to experience significant growth, with our aim to at least triple our sales this year," Tesla said.

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