Story by colleague Dana Hull on the Palo Alto company with the Fremont factory (formerly known as NUMMI):
Tesla Motors followed its first profitable quarter with a second-quarter loss of $31 million, or 26 cents per share, thanks to declining revenue from the sale of zero emission vehicle credits and additional expenses related to the expansion of showrooms and Supercharging stations.
The company is now manufacturing nearly 500 cars a week at its Fremont factory, however, and delivered 5,150 cars in the second quarter, more than the 4,500 expected. Tesla’s highly volatile stock closed at $134.23, but skyrocketed in after-hours trading to $151, a jump of 12 percent.
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