UPDATE 1-Tesla reports second-quarter loss

Newswire

* Tesla has yet to produce a profit * Q2 loss of $58.9 mln vs year-ago loss of $38.5 mln * Revenue rises to $58.2 mln from $28.4 mln DETROIT, Aug 3 (Reuters) - Electric car maker Tesla Motors Inc reported a deeper second-quarter loss on Wednesday as sharply higher spending on research and development for upcoming vehicles more than offset revenue gains. Tesla reported a net loss of $58.9 million or 60 cents per share, compared with the loss of $38.5 million or $5.04 per-share logged ...

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