Tesla Motors Inc. reported a quarterly loss for 11th straight quarter as higher sales of its Model S sedans failed to offset rising costs.
The electric car maker said net loss nearly tripled to $320.4 million, or $2.44 per share, in the fourth quarter ended Dec. 31 from $107.6 million, or 86 cents per share, last year.
Company revenue nearly jumped 27% to $1.21 billion.
The material has been provided by InstaForex Company – www.instaforex.com
Tesla Motors Inc. reported a quarterly loss for 11th straight quarter as higher sales of its Model S sedans failed to offset rising costs.
The electric car maker said net loss nearly tripled to $320.4 million, or $2.44 per share, in the fourth quarter ended Dec. 31 from $107.6 million, or 86 cents per share, last year.
Company revenue nearly jumped 27% to $1.21 billion.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: