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November 6, 2013 04:06 pm GMT

Tesla Shares Drop On Smaller Than Predicted Loss, Company Cites Production Constraints

model-x-teslaTesla's share price is higher than makes any logical sense, given the number of cars it makes and sells, but the stock value got a little bit of a real-world correction last night after hours as the car-maker's quarterly results showed another quarterly loss albeit one that still beat Wall Street analyst consensus. Tesla reported a loss of $38 million on total revenue of $431 million for the quarter, and its share price was down just over 10 percent in pre-market trading this morning.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/XCHzfHws8Q0/

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