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After Musk Lays Out Soaring Vision, Wider Loss Pulls Tesla Back With A Thud

August 4, 2016

Via: Forbes

After a whirlwind of news in recent weeks powered by Elon Musk’s expanding vision for Tesla Motors TSLA -0.71%, the company shifted to the mundane task of reporting quarterly results. The loss reported today was double what equity analysts anticipated.

Maverick tech industrialist Musk intends to buy SolarCity Corp., accelerate car and battery production, add electric trucks and lead in autonomous vehicles, ultimately transforming the youngest U.S. carmaker into a clean-energy and transportation juggernaut.

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