Tesla Motors’ fourth-quarter net loss widened to US$81.5m as electric Roadster sales end before the release of Model S sedans.
The net loss was 78 cents per share compared with a loss of $51.4m, or 54 cents, a year earlier, the Detroit Free Press reported. Excluding some items, the per-share loss was 69 cents, compared with 47 cents a share a year ago. The average of 11 analysts’ estimates was for a loss of 62 cents per share.
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The report noted that Tesla is selling the final units of its $109,000 Roadster sports car while the Model S, intended to expand the company’s sales volume with a base model priced at $57,400, won’t go into production until the middle of 2012. Until then, the company’s main revenue source is supplying battery packs and other components to Toyota and Daimler, two of its investors.
