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Tesla Motors Inc Plunges After Deliveries Disappoint

Tesla Motors Inc (NASDAQ:TSLA) released its second quarter earnings report after closing bell tonight, posting adjusted losses of 48 cents per share on non-GAAP revenue of $1.2 billion. Analysts had been looking for losses of 60 cents per share and $1.19 billion in revenue. In last year's second quarter, the automaker reported earnings of 11 cents per share and $769.35 million in revenue.

Tesla produces record number of vehicles

GAAP revenue was $955 million, while GAAP loss was $1.45 per share. Non-GAAP gross margin was 23.4%, while GAAP gross margin was...