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Musk: solving electric cars as easy as firing one into space

CEO Elon Musk, introducing the Tesla Semi in November. Photo: Veronique DuPont / AFP / Getty Images

Tesla today reported record losses for the fourth quarter on the glitch-riddled ramp-up of its much-promoted mainstream Model 3 electric car, but said annual revenue grew by 55% in 2017, and suggested that its main problems will be resolved in the coming weeks.

Driving the news: CEO Elon Musk spent much of an hour-long call with analysts explaining why his flagship Model 3 is so far behind production targets, and vowing to get back on track. Relying on humor and a bit of braggadocio, he suggested that he had what he called "deeper hell than we expected" under control.