Tesla’s Losses Widen on Lower-Than-Expected Deliveries

May 4, 2016 8:42 PM

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Tesla’s Losses Widen on Lower-Than-Expected Deliveries

Vice presidents for production and manufacturing leave as auto maker looks to increase output

Tesla’s revenues rose 22% to $1.15 billion. On an adjusted basis, Tesla lost 57 cents a share, slightly less than the 58-cent loss average compiled by Thomson Reuters.

Also read: How to Beat Tesla? Mercedes and BMW Take Different Roads

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