Tesla Reports Loss

Tesla, the start-up electric-car manufacturer that has been embroiled in a public spat with a New York Times reporter over the vehicle’s driving range, reported a loss of $75 million for its fourth quarter. The news wasn’t all bad for Tesla, however. With rising orders and investment in the company’s manufacturing substantially completed, CEO Elon Musk proclaimed, “We're going to be profitable, and I think that's a pretty big deal."