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Tesla reports big Q4 loss, but shares rise on outlook

2016-02-11 6 Dailymotion

Tesla Motors reported a whopping loss in the fourth quarter Wednesday that badly missed estimates, but the electric car maker cheered investors with a rosy outlook for the rest of 2016 and offered reassurances that production is on track.<br />As a result, shares rose in after-hours trading -- up 14% at one point -- despite the earnings miss.<br />The company said it expects to be profitable on an adjusted basis in 2016 and be cash-flow positive, even as it invests another $1.5 billion in production facilities.<br />Tesla says it plans to deliver 80,000 to 90,000 cars to customers this year, up from more than 50,000 last year.

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