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Tesla Posts Major Miss on Earnings, Revenue

Tesla reported fourth-quarter earnings and revenue that missed analysts’ expectations by a wide margin on Wednesday, but it struck an optimistic tone for the year ahead.

The company posted an adjusted loss of 13 cents per share, compared to 33 cents per share in the year-earlier period. Adjusted revenue for the quarter came in at $1.1 billion, against the comparable year-ago figure $761 million a year ago.

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This article originally appeared on Recode.net.