Tesla reports $110M loss, ramps up Model S production

Tesla reported a $110.8 million loss in the third quarter. Despite losses, the electric carmaker plans to ramp up production of its Model S sedan to 400 cars per week by next month.

Tesla Motors Inc reported a bigger third-quarter loss on Monday as it ramped up production of its Model S sedan, and the electric carmaker maintained its 2012 revenue outlook.

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