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.