Tesla Reports Another Quarterly Loss

Tesla reports another quarterly loss as profit per car sold takes a hit. Shares fall 10% after hours.

Tesla Inc. reported a second-quarter loss that fell far below Wall Street’s expectations even as the electric-car maker stuck to a closely watched commitment to boost vehicle sales at least 47% this year.

The Silicon Valley car company on Wednesday reported a second-quarter adjusted loss that narrowed to $1.12 a share from a year ago’s loss of $3.06 a share loss. That improvement still missed analysts’ predictions of an adjusted loss of 35-cents a share.

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