Tesla CEO blames new model push for losses

Newswire

* Sedan is reason Tesla is unprofitable -CEO * Expected to trade on Nasdaq under symbol "TSLA" * Tesla first carmaker to have IPO since Ford's 1956 debut * Tesla not expecting profits until at least 2012 * Facing 2011 production gap for Roadster By Jonathan Spicer and Poornima Gupta NEW YORK/SAN FRANCISCO, June 29 (Reuters) - Tesla Motors Inc's founder said his company could be profitable if it continued to make pricey sports cars, but is instead forgoing income to build a car ...

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