But he added it was hard to make Teslas with their new and developing technology as cheaply as conventional cars, and the firm's cars were still "too expensive for most people".
Tesla is reducing its workforce by 7 percent - more than 3,000 jobs, according to a recent staffing estimate - as the company continues its efforts to bring lower-cost electric vehicles to market. "There isn't any other way". Bloombergreported Friday that Tesla had about 45,000 staff in 2018, so the 7-percent cut could represent as many as 3,150 jobs.
"Last year was the most challenging in Tesla's history", Mr Musk said. That goal was announced in May of 2016 based on advance orders for its mid-range Model 3, which Musk said sells for $44,000.
He highlighted the company's 4 percent third-quarter profit and said it expects a smaller one for the fourth quarter, pointing to the higher-priced Model 3 variants in the U.S. market as the cause. Though results for Q4 aren't quite settled yet, he says that "preliminary, unaudited results indicate that we again made a GAAP profit, be less than Q3". With tens of thousands of Americans waiting for the vehicle, Tesla was able to offer the highest-priced versions of the Model 3 first and enjoy a correspondingly fat profit margin.
Musk peppered good news throughout the letter, pointing out that 2018 was Tesla's most successful year and the Model 3 was 2018's best-selling luxury vehicle.
Musk said it plans to begin production there of the Model 3 and a planned crossover by the year's end.
Ariana Called Out By This Rapper for Stealing ''7 Rings''
Nokia then retweeted a tweet that claimed that Grande's "new album literally plagiarizes flows, words, bars from Nokia". Ariana Grande is the gift that keeps on giving, and her latest offering, " 7 Rings ", is sure to be another hit.
The company's 5.3 per cent bonds due 2025 opened trading Friday sharply lower, one of the biggest losers in the high-yield market.
Given rising costs and competitive pressures, cutting staff is a "practical, traditional" step for Tesla to take, says Jessica Caldwell, the executive director of industry analysis at Edmunds.
The company says it delivered over 245,000 electric cars and SUVs last year, almost as many as all previous years combined. The company was stuck in "production hell", as Musk dubbed it, as Tesla raced to produce 5,000 Model 3 sedans - it's most affordable vehicle - per week, a goal it ultimately reached.
The successful Tesla referral program that has seen buyers of the automaker's electric cars recruit other customers by giving both recruiter and new buyer 6 months of free EV charging is coming to an end.
The company said it would reduce full-time employee headcount by about 7 percent and retain only the most critical temps and contractors.
Gauger revealed to the Wall Street Journal that in 2014, he was asked to write a code that would repeatedly vote for Mr. Mr Mueller's investigation is still ongoing and it is unclear when he will submit his findings to the attorney general.
Deripaska accused Manafort and Rick Gates (Trump campaign's former deputy chairman) of disappearing with $26 million of his money. At a luncheon with Senate Republicans on Tuesday, Mnuchin asked lawmakers to support the rollback of sanctions on the companies.
It comes after some opponents criticised her for not budging from the deal that had alienated all sides in Parliament. Sumitomo Mitsui Financial Group Inc.is set to open a subsidiary in Germany by the end of March.
It's unusual and I think he was in trouble. "I don't know anything about the market day by day or minute by minute". Italy midfielder Jorginho struggled to assert himself against the Magpies, frequently relinquishing possession.
The company has already promised that this platform will create a number of models with different types of bodies. On the rendering shows a auto with a dynamic silhouette in the spirit XT5 models and futuristic "blind" front.
It's all American stuff", he later said standing in front of some 300 burgers, having made good on his freaky promise. Describing the fare as "great American food", per a pool report, Trump said: "If it's American, I like it.
For the latest outing, a heavily pregnant Meghan stepped out in a vibrant red coat from Canadian brand Sentaler . The Duchess was also asked if she is having a boy or a girl, to which she responded, "We don't know".
These images, captured by a camera aboard the Chang'e 4 lander, reveal never-before-seen details of the far side of the Moon. The mission's architects say the experiments could help lay a foundation for one day establishing a lunar base .
In early September, an Iraqi militia with ties to Iran launched mortars towards the USA embassy in Baghdad's diplomatic district. Washington withdrew from the Iran nuclear deal in May a year ago and re-imposed batches of sanctions on Tehran .
Dozens of US forces are based just outside of Manbij, which has been a flashpoint between USA -backed Kurdish militias and Turkey. President Trump surprised his own officials on 19 December when he announced that all USA troops would be leaving the country.
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Still, Davis said he was impressed by the "inner strength" and compassion of people who helped each other in the midst of danger. Some ducked behind cars, screaming, while others took cover behind fountains and other features at the lush complex.
Carol Channing dead: Actress dies aged 97
Many fans and fellow stars have paid tribute to the Broadway star on Twitter, including Hamilton creator Lin-Manuel Miranda. The following year her life and career was celebrated in the documentary " Carol Channing: Larger Than Life ".