AutoGuide News Blog
The AutoGuide News Blog is your source for breaking stories from the auto industry. Delivering news immediately, the AutoGuide Blog is constantly updated with the latest information, photos and video from manufacturers, auto shows, the aftermarket and professional racing.
Tesla moved a total of 6,892 Model S vehicles in the fourth quarter of 2013, but it wasn’t enough to keep the company out of the red, registering a GAAP net loss of $16 million and a full-year loss of $74 million.
Tesla just revealed its Q3 financial results and investors aren’t responding positively to the news that the company posted a $38 million loss. Their stock is down around 10 percent, as the company reported adjusted earnings of just $0.12 per share.