UNITED STATES – Tesla published financial statements for the fourth quarter of 2017. The published documents say that the loss of the automaker was $ 675.35 million.

This was the largest quarterly loss in the history of the company. At the same time, Tesla still outperformed analysts’ forecasts. Quarterly revenue in annual terms increased by 44.3% to $ 3.29 billion.

American manufacturer of electric vehicles and solar panels Tesla Incorporated completed with a loss in the IV quarter and 2017 in general, but the company’s chief executive officer Elon Musk gave optimistic forecasts for the current year .

The past quarter was the worst for Tesla in history. The net loss in October-December increased to $ 675 million, or $ 4.01 per share, compared to $ 121 million, or 78 cents per share, for the same period a year earlier. Adjusted loss (excluding one-time costs) rose to $ 3.04 per share from 69 cents.

Revenue rose to $ 3.288 billion compared to $ 2.284 billion in the fourth quarter of 2016.

Analysts polled by FactSet on average forecasted an adjusted loss of $ 3.11 per share on revenue of $ 3.297 billion.

As a result of 2017, Tesla’s loss exceeded $ 1.4 billion, while many of the projections of the Mask were not justified, notes MarketWatch. Nevertheless, he presented even more daring expectations for the current year. “2018 is likely to be a very big year for us,” Tesla said during a conference call. Earlier, in a letter to shareholders, he described it as a “year of transformation.”

“At some point in 2018, we plan to start generating a quarterly profit on a stable basis, releasing 5,000 Model 3 per week, and I’m optimistic that we will be profitable by GAAP,” Musk said.

Tesla also forecasts that the revenue growth rate in 2018 will be more significant than last year, when they surpassed 52%. The supply of Model S and Model X this year will be 100 thousand, which is almost the level of 2017 (however last year the new Model 3 only appeared on the market).

The company expects threefold increase in battery sales, as well as a slight increase in capex from $ 3.4bn in 2017.

While Tesla continues to report net losses after ten years in business, but the company’s shares do not fall significantly, and the share of the Mask costs about $ 10bn. It’s no secret that Ilona Mask companies are sponsored by the state: three years ago it became known that Tesla Motors, SolarCity and SpaceX received a huge amount of material support – $ 4.9 billion in the form of tax deductions, concessional loans and other forms of assistance.

For example, only Tesla had $ 2.4 billion: $ 45 million was allocated by the US Department of Energy, $ 517 million was written off loans, and the largest investment was made by the state of Nevada, which in exchange for the construction of the Gigafactory plant tax deductions of $ 1.3 billion But many analysts are worried about what will happen to the company if it is cut off from state support.

Tesla’s share price on electronic trading on Wednesday declined by 0.4% after the publication of reports, reports Interfax. The company’s capitalization is now about $ 56.4 billion, compared with $ 59.5 billion from General Motors.