PALO ALTO, U.S. -- Tesla reported a wider-than-expected $702 million quarterly loss on Wednesday, one of its worst results to date, as the electric car company struggled with deliveries of its mainstay Model 3 due to logistical bottlenecks.
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Tesla says Shanghai plant will boost efficiency after huge loss
Carmaker pins hopes on China production, expected to begin at year-end
Tesla expects its Chinese production line will be "at least 50% cheaper per unit of capacity." © Reuters
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