Tesla Motors Inc. set a record for deliveries in the fourth quarter as customers ignored sagging oil prices and bought the Model S sedan, the maker of all-electric luxury cars said Wednesday as it reported a net loss of $320 million, up from $108 million a year earlier.
In the first earnings report since the fall launch of the Model X crossover, Palo Alto, Calif.-based Tesla reported $1.2 billion in fourth-quarter revenue, according to generally accepted accounting principles. That represented a 30 percent increase over the third quarter and a 27 percent increase year-over-year.
