DETROIT (Reuters) - Electric car maker Tesla Motors Inc's net loss widened in the second quarter, and it continued to burn through cash ahead of the launch of its Model X crossover car and the opening of its Nevada battery factory, the company said Wednesday.
Tesla lost $184.2 million, compared with a loss of $61.9 million in the 2014 second quarter. Revenue climbed 24 percent to $955.0 million, from $769.3 million, as car sales continued to rise.
On an adjusted basis, Tesla said it lost 48 cents a share, less than the 60 cents analysts had expected. In the year-earlier period, Tesla said, it earned 13 cents a share on an adjusted basis.
Tesla stock on Wednesday closed up 1.4 percent at $270.13 on Nasdaq.
(Reporting by Paul Lienert in Detroit)
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