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Tesla struggles with production as it plans to sell its shares
Tesla Motors Inc., the electric car maker, faces a revenue drop as it struggles with supplier problems and delays in ramping up production of its Model S. According to the company statement, Tesla Motors Inc.’s sales will be around $45 million, which is far below estimates of $80 millions. Tesla Motors Inc. decided to sell about 4.3 million shares of its stock to raise money after getting a waiver on existing terms of $465 million U.S. energy Department loan.
