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.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

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.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Neonode has won the Innovation Award for Driver Monitoring Software for its camera-based, MultiSensing®-powered solution that delivers precise hands-on-wheel detection, regulatory-ready safety performance and low-footprint integration. Discover how Neonode is redefining driver monitoring, UX and compliance for next-generation semi-autonomous vehicles.

Discover the Impact