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Tesla Forecasts Ease Sting as Quarterly Loss Trails Estimate

  • Loss was $1.06-share on added engineering costs for Model 3
  • Musk says demand on pace for 50,000 sales in second half
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Tesla Posts 2Q Loss That's Wider Than Expected

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Tesla Motors Inc. reassured investors it can ship roughly 50,000 cars in this year’s second half and 500,000 in 2018, easing the sting of a second-quarter loss that was wider than analysts estimated.

The loss, excluding some items, was $1.06 a share, the company said in a letter to investors posted on its website Wednesday. The average estimate in a Bloomberg survey of 17 analysts was for a loss of 60 cents a share. The stock fell less than 1 percent in aftermarket trading to $225.60.