ng test failing after upgrading to @Angular/cli :1.1.0

Angular version that I installed

Errors that are being displayed trying to run ng test

"devDependencies": { "@angular/cli": "^1.1.0", "@angular/compiler-cli": "^4.1.3", "@types/jasmine": "2.5.38", "@types/lodash": "^4.14.63", "@types/node": "^6.0.75", "angular2-template-loader": "^0.6.2", "codelyzer": "~2.0.0", "electron": "^1.7.2", "jasmine-core": "~2.5.2", "jasmine-spec-reporter": "~3.2.0", "karma": "~1.4.1", "karma-chrome-launcher": "~2.0.0", "karma-cli": "~1.0.1", "karma-coverage-istanbul-reporter": "^0.2.0", "karma-jasmine": "~1.1.0", "karma-jasmine-html-reporter": "^0.2.2", "protractor": "^5.1.2", "ts-node": "~2.0.0", "tslint": "~4.5.0", "typescript": "^2.3.4", "wallaby-webpack": "0.0.34"