News Desk — February 7, 2018 at 11:30 pm — Updated: February 7, 2018 at 11:30 pm

Tesla sticks by Model 3 target, warns spending could rise in 2018

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SAN FRANCISCO (Reuters) – Tesla Inc said on Wednesday it was sticking with Chief Executive Elon Musk’s revised production targets for its Model 3 electric sedan, but posted its worst-ever quarterly loss, and warned that spending would increase slightly this year.

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