Tesla Motors Inc., the maker of electric cars run by billionaire Elon Musk, said its fourth- quarter net loss widened to $89.9 million, or 65 cents a share, even as sales of its battery-powered Model S sedans increased. Tesla said it expects to be profitable this quarter, excluding some costs. Analysts on average estimated a loss of 57 cents, according to data compiled by Bloomberg. Sales rose to $306.3 million, up from $39.4 million a year earlier, in line with the average estimate.
Tesla’s loss widens, even as sales g
February 22, 2013
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