Loss Widens at Electric-Car Maker Tesla

Electric-car maker Tesla Motors Inc. on Wednesday reported a wider fourth-quarter loss and warned of new cost cuts, but said production of its Model S sedan is running at a rate of 20,000 vehicles a year, a key benchmark for investors.

The Palo Alto, Calif., auto maker said higher expenses for manufacturing and sales operations contributed to a loss of $89.9 million, or 79 cents a share, compared with a loss of $81.5 million, or 78 cents a share, a year earlier. It also missed its target for fourth quarter production.

Read the rest of this post on the original site »


Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »