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August 6, 2015

US: Tesla’s Q2 net loss increases

Luxury electric vehicle maker Tesla's revenue for the second quarter ended 30 June 2015 was up 24.13% to US$954.98m but the company continued to book operating and net losses in both the quarter and the first half.

Luxury electric vehicle maker Tesla’s revenue for the second quarter ended 30 June 2015 was up 24.13% to US$954.98m but the company continued to book operating and net losses in both the quarter and the first half.

Loss from operations widened to $170.19m compared with $28.75m. Loss before income taxes was $181.06m compared with $60.75m. Net loss was $184.23m compared with $61.90m a year ago.

First half revenue was up 36.33% to $1.89bn compared with $1.39bn. Operations loss was $272.63m versus $72.72m. Loss before income taxes widened to $332.20m from $109.74m. Net loss was $338.41m compared with $111.70m.

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