Is the shine is coming off the turd that is Tesla?
Another quarter, another question mark.
Tesla Inc. reported a fourth-quarter loss of $675.4 million, or $4.01 a share, on revenue of $3.29 billion, marking the Palo Alto car company's biggest quarterly loss ever.
The company partly blamed the figure, which was significantly worse than the $121 million it lost in the same quarter last year, on high costs related to the production of its long-awaited Model 3 electric sedan.
In reporting earnings Wednesday afternoon, Tesla said revenue was up 36% over the same period in 2016, largely because of growth in deliveries of the luxury electric Model S sedan and Model X crossover.
Revenue from automotive products rose to $ 2.7 billion for the final quarter of 2017, up from $1.99 billion in the year-earlier quarter.
http://www.latimes.com/business/autos/la-fi-hy-tesla-earnings-20180207-story.html
