Skift Take
Despite Tesla's fanboy outcry on sites like Reddit, the New York Times review will hurt sales of the car going forward as buyers realize they're paying tens of thousands of dollars for the privilege of being Elon Musk's beta testers.
Tesla Motors Inc., the maker of electric cars run by billionaire Elon Musk, said its fourth- quarter net loss widened even as sales of its battery-powered Model S sedans increased.
The fourth-quarter net loss widened to $89.9 million, from $81.5 million a year ago, Palo Alto, California-based Tesla said in a statement on its website today. Excluding some items, the loss was 65 cents a share, compared with 69 cents a share a year ago. Analysts on average estimated a loss of 57 cents, according to data compiled by Bloomberg.
The shares fell as much as 8.9 percent to $35.12 in extended trading, after slipping 1.9 percent to $38.54 at the
