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Home / Business

Elon Musk makes $6.8m selling flamethrowers

NZ Herald
30 Jan, 2018 12:34 AM2 mins to read

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The flamethrower, being sold by Musk's infrastructure firm The Boring Company, is available for pre-order at US$500 ($681). Picture / Instagram

The flamethrower, being sold by Musk's infrastructure firm The Boring Company, is available for pre-order at US$500 ($681). Picture / Instagram

US billionaire Elon Musk has sold $US5 million ($NZ6.8m) worth of flamethrowers in just two days.

The flamethrower, being sold by Musk's infrastructure firm The Boring Company, is available for pre-order at US$500 ($NZ681).

After taking orders on Sunday, Musk said on Twitter today that 10,000 had been sold.

It's unclear whether New Zealanders could import such a device and the Boring Company also warns that extra customs fees will "apply for international orders because of laws".

The Boring Company, which is also selling fire extinguishers for the more modest US$30, says it will start shipping the flamethrowers in the US spring.

Say hello to my little friend … https://t.co/OYg4qhF4Ea

— Elon Musk (@elonmusk) January 28, 2018
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Don’t do this https://t.co/e0q6ax60k5

— Elon Musk (@elonmusk) January 28, 2018

Musk also posted a video on Instagram of him goofing around Space X's offices with the toy weapon/industrial tool.

Musk is the driving force behind electric car company Tesla, the founder and CEO of rocket maker SpaceX and the co-founder and chairman of OpenAI, a nonprofit that researches artificial intelligence. He was also the founder of the online payment service PayPal.

Tesla — which turns 15 this year — has never earned a full-year profit. It has reported only two profitable quarters since it went public in 2010.

Each of the four vehicles it has made has faced significant delays and production problems. Its newest vehicle, the lower-cost Model 3 sedan, is no exception.

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Musk said last summer that Tesla would be making 20,000 Model 3s per month by the end of last year, but Tesla made just 2,425 Model 3s in the fourth quarter. Musk now says Tesla will make 20,000 Model 3s per month at the end of the second quarter.

But that hasn't dimmed investors' appetite for Tesla's stock. Tesla shares were up 1 per cent to US$355 in trading. They've risen 39 per cent over the last year.

Additional reporting: Associated Press

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