WASHINGTON, D.C.: Luxury electric car maker Tesla said on Wednesday (Thursday in Manila) it was on track to deliver 55,000 cars this year even as its losses widened on revved up research spending.
Founder Elon Musk and chief financial officer Deepak Ahuja said in a letter to shareholders that the company produced 11,160 Model S cars in the January-March quarter and expected to begin delivering the long-awaited Model X late in the third quarter.
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