Tesla CFO: Revenue may rise by 40-50% in 2011 (after losing $51m last quarter)
On February 15th, Tesla released an annual report indicating that the automaker posted a revenue of $116.7 million in 2010. However, Tesla's 2010 fourth-quarter net loss of $51.4 million is up from the $23.2 million it reported for that same time frame in 2009. The electric automaker chalked up the increased loss to additional investments dished out for the upcoming Model S sedan.
Tesla shares are currently trading at $24.47. This is significantly higher than the IPO price of $17, but still below the mid-December mark of $30-plus per share.
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