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Tesla posts 2Q loss, prepares factory site

August 1, 2014

PALO ALTO, Calif. - Electric car maker Tesla Motors widened its losses in the second quarter as it prepared for the launch of a new SUV and the construction of a massive new battery plant. Tesla said it started preparing a site for the factory outside Reno, Nevada, last month. But the company said it's still considering sites in California, New Mexico, Arizona and Texas, and won't make a final decision for several months.



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