Business

Tesla stock rises after company outsells other luxury brands in Calif.

Tesla’s goal “is to accelerate the world’s transition to electric mobility with a full range of increasingly affordable electric cars.”
Tesla’s goal “is to accelerate the world’s transition to electric mobility with a full range of increasingly affordable electric cars.” Bay Area News Group via AP

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Tesla Motors Inc., the maker of electric cars run by CEO Elon Musk, climbed 1.5 percent following reports that, in California, Tesla’s Model S outsold Cadillac, Porsche, and Jaguar in June. For the quarter ended June 30, revenue was flat at $405 million. Tesla had a net loss of $31 million. Tesla is known for producing the Tesla Roadster, the first fully electric sports car, followed by the Model S, a fully electric luxury sedan.

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