DETROIT (AP) – Electric car maker Tesla Motors says its second-quarter loss grew nearly 60 percent to $293 million as it delivered fewer vehicles than planned.
The loss, of $2.09 per share, compared to a loss of $1.45 per share in the same quarter a year ago.
Revenue rose 33 percent to $1.27 billion. The company said the average price of its new Model X SUV was more than 15 percent higher than the Model S sedan.
Tesla delivered 14,370 vehicles during the quarter, fewer than the 17,000 expected.
Tesla’s adjusted net loss of $150 million, or $1.06 per share, fell far short of analysts’ estimate of a 59-cent loss, according to FactSet. But Tesla met analysts’ expectations with its adjusted revenue of $1.6 billion.