Tesla’s loss widens as EV production increases
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
The company made a loss of $184m on Q2
2015 and $282m in Q1 2016.
The increase in this...