Advertisement
News
Advertisement

Tesla loss widens, expenses offset higher revenue

Tue, 02/15/2011 - 2:25pm
Reuters

LOS ANGELES (Reuters) - Electric car maker Tesla Motors Inc reported a wider quarterly net loss as higher expenses for research, development, sales and marketing offset a 95 percent surge in revenue.

Tesla said on Tuesday its net loss was $51.4 million, or 54 cents per share, for the fourth quarter ended December 31, compared with a net loss of $24.2 million, or $3.43 per share, in the same quarter a year earlier.

Last year's figures were based on a smaller number of shares outstanding. Tesla, based in Palo Alto, California, went public in June.

SOURCE

Advertisement

Share this Story

X
You may login with either your assigned username or your e-mail address.
The password field is case sensitive.
Loading