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Tesla Shares Rise Despite Big Q4 Loss

Guidance for 2016 was optimistic.

Tesla Motors

Tesla Motors on Wednesday posted much worse-than-expected quarterly results, but its stock received a boost from guidance.

The electric automaker reported a fourth-quarter loss of 87 cents, adjusted, per share on $1.75 billion in sales. Analysts expected Tesla to post earnings of 10 cents per share on $1.79 billion in revenue, according to a consensus estimate from Thomson Reuters.

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This article originally appeared on Recode.net.

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