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Tesla loses $50 million in 1Q as costs rise

May 8, 2014
THE ASSOCIATED PRESS

DETROIT - Electric car maker Tesla Motors lost $49.8 million in the first quarter as it accelerated the development of its new crossover. Tesla's loss of 40 cents per share compared with a profit of 10 cents per share in the January-March period last year. Last year's first-quarter profit was the decade-old company's first ever profitable quarter.

 
 

 

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