Tesla Inc. CEO Elon Musk's rocket venture is making major strides in space, but his car company is struggling to find profits on the ground.
A day after SpaceX successfully launched the most powerful rocket in the world, Tesla posted a $675.4 million net loss for the fourth quarter of 2017, compared with a net loss of $121.3 million a year ago. The company reported total revenue of $3.29 billion for the quarter, up from $2.28 billion in the fourth quarter of 2016.
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