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An employee works on a Telsa Motors Model S sedan as it makes its way along an assembly line at company’s assembly plant in Fremont, California.
UBS now expects a wider loss for Tesla’s second quarter, citing the company’s recent decline in quarterly vehicle deliveries.
In a note sent Wednesday, UBS analyst Colin Langan said he projects a loss per share for the period of $1.80, compared with an earlier estimate of $1.32 per share. His full-year estimate is now for a loss per share of $4.20, compared with $3.70 a share, due to a shortfall in vehicle deliveries.
Tesla announced in early July…