Tesla's 4Q net loss doubles

February 10, 2016

Electric car maker Tesla Motors says its net loss more than doubled to $320 million in the fourth quarter, hurt by lower-than-planned production of its new Model X SUV.

The loss, equal to $2.44 per share, compared to a loss of 86 cents per share in the same quarter a year ago.

Tesla said revenue rose 27 percent to $1.2 billion for the quarter as worldwide deliveries of its Model S sedan increased to 17,478. The company delivered only 206 Model X SUVs.

For the full year, Tesla lost $889 million, wider than a $294 million loss in 2014. Palo Alto, California-based Tesla, which was founded in 2003, has never made a full-year profit.

Explore further: Tesla tops 11,000 vehicles delivered in second quarter

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feinbergharvey
not rated yet Feb 22, 2016
Good, the truth that Elan Musk is just another another attempt to search and destroy any attempts to significantly compete and challenge the PetroGrads World domination and Monopolistic control of the industrial and consumer energy choice...
How else can you explain the absurd reason Musk fausts for Electric vehicles failure to reach Economy of Scale: " Lack of Battery Capacity and Production."
What happened to Fuel Cells..DARPA has released technology for Catalyst Methanol Production from CO2 and H20 and openly promote the Methonoll Economy. Imagine Fuel Cells powered by a substance made at home from water and air wich can be distributed through the Petro Distribution system.
But all he does is lament about Batteries...a far more Environmentally Negative technology than the current petro fuel Int. Combustion Ancient Dinosaurs.
WHAT GIVES

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