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Electric competitor Tesla has not yet turned a profit while analysts say fellow German automaker BMW has lost money on its i3 electric.

The Latest: BMW gives glimpse of future offerings →

In a shareholder letter released with its second-quarter result, Tesla said it will focus more on increasing its manufacturing capacity and its deliveries of cars instead of hitting a specific financial target.

Tesla posts $408M loss in 2Q, causing stock to plummet →

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