Today, November 5th, Tesla reported a bigger third-quarter loss as it increased production for the Model S sedan.
The company announced that it has increased weekly production of the Model S to 100 cars by the end of the quarter and now it reached 200 cars. Tesla plans to increase production to 400 units per week by December, from only 5 cars per week in July. The company said that its third-quarter loss has reached $110.8 million, from $65.1 million in the same period last year.
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