Tesla Earnings Decelerate in Q4

Electric car maker Tesla Motors today filed amended earnings with the SEC today, as it continues to drive toward its inexplicable IPO.

The Palo Alto, Calif.-based company reported nearly $112 million in 2009 sales revenue, compared to just $14.7 million the year before. Good increase, although Q4 2009 was sluggish with just $18.6 million. 

The company’s 2009 net loss was $55.7 million, of which around $24 million came in the final frame. Tesla also continues to warn of a “decrease in revenues and increase in losses prior to the launch of the Model S” sedan, which is scheduled to begin selling in 2012 at nearly $50k per vehicle.

Tesla has raised over $220 million in VC funding from firms like Draper Fisher Jurvetson, Daimler AG and VantagePoint Venture Partners. It also has secured hundreds of millions morei n government grants.