Losses widen at Elon Musk’s carmaker Tesla

7th August, 2016
4
Elon Musk of Tesla: production target missed

Tesla has reported a loss of $293 million for the three months to the end of June, and missed its latest quarterly production target.

“Despite the disciplined pace of capital spending in the first half of this year, we still expect to invest about $2.25 billion in capital expenditures in 2016, in support of our accelerated production plan for Model 3.”

Tesla statement

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