US: Tesla Motors reports net loss of $49.8m in Q1

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Tesla Motors' automotive sales for first quarter ended 31 March rose 11.46% to US$618.81m from $555.20m. Its total revenues for the period were up 10.46% to $620.54m from $561.79m in same period in 2013. The company's loss from operations widened from $5.58m in the first quarter 2013 to $43.97m in the first quarter 2014.