Tesla loss widens as it ramps up expansion plan
Los Angeles (AFP) July 31, 2014 - US electric automaker Tesla Motors reported Thursday a widening loss in the past quarter amid record revenues as it ramped up plans for a giant battery plant for future vehicles. The loss in the quarter ending June 30 was $61.9 million, compared with $30.5 million in the same period a year ago, while revenues jumped more than 90 percent to $769 million. Tesla, which earlier in the day un ... more
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