American automotive company, Tesla Motors has posted a second-quarter loss of two hundred and ninety three million dollars. This is due to higher spending at its vehicle and battery factories. But revenues rose 33% from a year earlier to 1.27 billion dollars. The electric car maker delivered fourteen-thousand-four-hundered and two new vehicles consisting of Model S and Model X. The vehicles were fewer than projected during the last several months, due to a shortage of parts. Tesla aims to deliver at least eighty-thousand vehicles by the end of the year. The company is spending about two billion dollars in capital expenditure in 2016 as it prepares for its upcoming Model 3 sedan.

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