Tesla boosts revenue and signs Daimler deal

Fri Nov 4 2011, 09:11 AM

Tesla Motors' Q3 revenue jumped almost 85% to USD58m, compared to USD31m over the same period last year. At the same time, the Californian electric carmaker's net losses also widened to USD65m, up from USD35m in Q3 of 2010, however, the loss was less than analysts had anticipated, with the Nasdaq-listed firm's shares rising on the results. Tesla also increased its full-year revenue guidance to between USD195m and USD200m, up from between USD180m and USD190m.

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