Tesla’s loss widens as EV production increases

By Myles McCormick
Published: Thursday, 04 August 2016

Capital expenditure on increasing vehicle production capacity and bringing its battery Gigafactory online saw Tesla’s loss in Q2 grow.

US-based electric  (EV) producer Tesla Motors Inc. reported a net loss in GAAP terms of $293m for Q2 2016, a deeper loss both year-on-year (y-o-y) and on a sequential basis.

The company made a loss of $184m on Q2 2015 and $282m in Q1 2016.

The increase in this...

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