The day after Tesla and SpaceX CEO Elon Musk blasted his Tesla Roadster into space, his electric car company's mounting losses brought him back to Earth again.
Tesla posted a record quarterly net loss of US$675 million ($940m) in the fourth quarter, up from a net loss of US$121m in the same period a year ago.
Tesla lost US$1.96 billion ($2.7b) for the full year, a record for the company and nearly three times its loss of US$675m in 2016. Tesla has never made a full-year profit since it went public in 2010. Tesla's total revenue for 2017 was US$11.8b, which was also in line with analysts' forecasts.
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