Electric car maker Tesla registers fourth-quarter loss of $108 million
February 12 , 2015
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 China. However, 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.