PALO ALTO, Calif. (AP) _ Tesla Motors Inc. (TSLA) on Wednesday reported a loss of $107.6 million in its fourth quarter.
The Palo Alto, California-based company said it had a loss of 86 cents per share. Losses, adjusted for non-recurring costs and stock option expense, were 13 cents per share.
The results fell short of Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share.
The electric car maker posted revenue of $1.1 billion in the period, which also fell short of Street forecasts. Analysts expected $1.19 billion, according to Zacks.
Tesla shares have fallen slightly more than 4 per cent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $212.80, a climb of slightly more than 8 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TSLA at http://www.zacks.com/ap/TSLA
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Keywords: Tesla Motors, Earnings Report, Priority Earnings
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