>> He can put a roadster into space but can he deliver the model three fast enough for investors. Tesla on Wednesday said it is sticking with CEO Elon Musk's revised production targets for the newer cheaper electric sedan after pushing them back twice. Production delays have Doug's test slow which turned out less than half of the model three's analyst expected in the fourth quarter.
>> We're going to do everything we possibly can to get you the car as soon as possible.>> The future of Elon's company depends on the model three. Reuter's correspondent Alexandria Sage covers Tesla.>> The importance of the model three is two-fold. On the one hand, as soon as they can put model three's in volume in the hands of it's customers, then they will be able to finally recoup this revenue which will help it's balance sheet.
Secondly, they also have to strike while the iron is hot, they've got so many rivals. For investing in electric vehicles coming out with models that are directly going to compete with the model three and Tesla’s other cars. So Tesla really has to show now that it can produce these cars, produce good cars that are reliable, that people love so that the reservations keep coming in and they don’t lose this momentum they have.
>> Tesla also posted its worst ever quarterly loss, nearly three quarters of a billion dollars. And warned that it's spending more money this year, some of it on new projects, like its Tesla semi. Musk has said Tesla would produce half a million vehicles in 2018, mostly model threes, and if his oversized ambitions are realized, it could mean a roughly $56 billion payday for Musk, under a new compensation plan tied to the performance of Tesla stock.
He just has to hit his targets.