This week marked a spectacular achievement by Elon Musk’s company SpaceX; a mostly successful (they lost the core booster) test of the Falcon Heavy booster and recovery system, along with an insertion burn to put the payload ( A Tesla electric roadster in cherry red) on a Mars trajectory.
Some have criticized it as “nothing more than a car commercial” (Naomi Klein) while others have said all that’s been done is to add to the space junk problem. No matter how you see it, you have to admire the achievement, something no private company has ever done before.
Josh has his take on it:
For those who don’t know the term “range anxiety”: it is the term for the most common worry about electric cars.
Meanwhile, in other more down to Earth news:
Back to Earth: Tesla’s losses grow on Model 3 delays
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 Inc. posted a record quarterly net loss of $675 million in the fourth quarter, up from a net loss of $121 million in the same period a year ago. The Palo Alto, California-based automaker is struggling to meet production targets for its first mass-market car, the Model 3 sedan. It’s also spending heavily on future vehicles, including a semi that’s supposed to go into production next year.
Tesla lost $1.96 billion for the full year, a record for the company and nearly three times its loss of $675 million in 2016. Tesla has never made a full-year profit since it went public in 2010.