CEO Elon Musk says costs must be cut because "our products are still too expensive for most people.”
The company's shares fell 3.8% on its earnings report but it is now "approaching 50% penetration of U.S. TV households."
The bank's Q4 revenue of $8.08 billion was also above estimates but its bottom line was inflated by a $467 million tax benefit.
The company said it secured $480 million debtor-in-possession financing to fund the store during bankruptcy.
Aggressive tax planning sows confusion not only about companies' taxes but also about the basics of their operations and finances.
The year-end gyrations on Wall Street pushed corporate and investor clients to “the sidelines, waiting for some clearer market conditions."
The company expects to surpass its 2018 earnings projection and promises higher 2019 earnings.
"The rising tide of the economy is not floating all retail boats,” an analyst says of the department store chains' disappointing sales growth.
A new ranking of corporate speed and agility shows why some brick-and-mortar retailers, especially Macy's, are ailing.
The company said it would continue to focus on growing its middle-market businesses.