Around the Net
Tesla Reports Strong Revenue On Model S
- Automotive News, Thursday, February 11, 2016 8 AM
Tesla Motors set a record for deliveries in the fourth quarter in spite of sagging oil prices. While the maker of all-electric luxury also posted a net loss of $320 million, up from $108 million a year earlier, the company, in the first earnings report since the fall launch of the Model X, reported $1.2 billion in fourth-quarter revenue, a 30% increase over the third quarter and a 27% increase year-over-year.
