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Tesla's Growing Pains

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Tesla Motors may have posted a $49.8 million net loss for Q1, but the Palo Alto-based startup is already sold out of its Q2 production, according to CEO Elon Musk in yesterday's call with analysts. And although Tesla sold 6,457 vehicles in the first few months of 2014, costs are rising from an increase in research and development and the imminent release of the Model X next year. [Automative News]