Tesla posts second-quarter loss, misses expectations

August 4, 2016 1:58 AM

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Tesla Motors Inc. lost hundreds of millions of dollars in the second quarter and badly missed tepid Wall Street expectations. But CEO Elon Musk painted a rosy picture of a future that includes profitability, fully self-driving cars and a factory that resembles “an alien dreadnought.”

The California-based electric carmaker on Wednesday posted a second-quarter loss of $150 million due to fewer-than-expected deliveries of its Model S sedan and Model X SUV. Tesla’s $1.06 loss per share on $1.56 billion in sales was more than double Wall Street expectations of a 52 cents per share lo...

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