Electric car maker Tesla's net loss widens in 2nd quarter

August 5, 2015 8:57 PM

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Electric car maker Tesla's net loss widens in 2nd quarter

DETROIT Electric car maker Tesla Motors Inc's (TSLA.O) net loss widened in the second quarter, and it continued to burn through cash ahead of the launch of its Model X crossover car and the opening of its Nevada battery factory, the company said Wednesday.

Tesla lost $184.2 million, compared with a loss of $61.9 million in the 2014 second quarter. Revenue climbed 24 percent to $955.0 million, from $769.3 million, as car sales continued to rise.

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