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NOV 05, 2013 - San Francisco Chronicle

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Tesla shares drop as 3Q falls short

DETROIT (AP) — Shares of electric car maker Tesla Motors tumbled in after-hours trading Tuesday after the automaker's third-quarter results fell short of expectations. In a conference call after its earnings release, CEO Elon Musk said the company's production has been constrained by its battery supplies, but that should ease next year thanks to a recent deal with Panasonic Corp. that increases battery shipments to Tesla. The company's development costs increased as it prepares for next year's planned launch of its Model X crossover. Tesla prefers non-GAAP to GAAP — or generally accepted ... Read More

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