Tag: Tesla Motors Inc

Tesla third-quarter loss doubles to $75 million

(Reuters) – Electric car maker Tesla Motors Inc (TSLA.O) said its third-quarter loss nearly doubled from a year ago to $75 million, as manufacturing, sales and development expenses increased to meet rising demand. Revenue doubled to $852 million. The company delivered a record 7,785 Model S sedans in the quarter, most of them in North America. Research and development spending climbed as Tesla added a new dual-motor version of the Model S and readied the Model X […]