Tesla Motors

Tesla swings to loss in 4Q, says Model 3 on target

Unable to string together profitable quarters, electric car and solar cell maker Tesla Inc. reported a loss for the last three months of 2016.

Tesla posted its first profit in three years in last year's third quarter and had predicted net income in the fourth quarter. Instead, the company lost $121.3 million, or 78 cents per share, for the quarter. Still, that was less than half the $320.4 million loss from the year-earlier quarter.

Without one-time items, Tesla lost 69 cents per share. Analysts polled by FactSet predicted a loss of 53 cents per share. Revenue rose 88 percent to $2.28 billion, beating estimates of $2.22 billion.

Tesla's shares rose 1.6 percent in...

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