Thursday, February 12, 2015

Tesla’s Q4 results show lots of cars and lots of losses

Tesla’s order books might be full, but the same can’t be said for their corporate coffers. That’s the picture that emerges from the company’s 2014 Q4 and full year shareholder letter, which was released today. In the final quarter of last year, the EV manufacturer built 11,627 cars, meeting their production target of 35,000 for the year. And Tesla says it has more than 10,000 Model S and almost 20,000 Model X orders on its books. Yet despite overflowing order books, the company still lost $...-> read more

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