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Electric car maker Tesla registers fourth-quarter loss of $108 million

  • Tesla has posted a fourth-quarterl loss of $108 million compared to $16 million loss in the same period in 2014.

    Last month, chief executive Elon Musk had warned of weak car sales in ChinaHowever, in a statement Musk has said that the firm remained "convinced of the vast potential of this market”.

    The electric car maker said delays in production had led to fewer-than-expected shipments in the fourth quarter.

    Tagged as: Tesla, fourth quarter, Elon Musk, car sales, China, electric car-maker, business news