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Tesla net loss widens as revenue nearly doubles

Tue, 02/15/2011 - 9:24pm
Reuters

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

The company's 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.

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