Tesla posts 79% gain in automotive revenue in Q$2016 to $1.994B, drops back into red

Green Car Congress
By mmillikinFeb 23, 2017, 3:01 am162 pts
Tesla posted a strong increase in automotive revenue in the fourth quarter of 2016, rising 79% year-on-year to $1.994 billion. However, the company dropped back to a net loss for the quarter of $121 million. Total revenue for the full year hit $7 billion. In Q4, global net orders for Model S and X combined rose…

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