24 Feb '14, 2am

Tesla reveals Model S sales and 2014 outlook #tesla #electriccars

Tesla reveals Model S sales and 2014 outlook #tesla #electriccars

It was another successful quarter for Tesla Motors at the end of 2013 as it enjoyed record deliveries of its Model S (pictured) electric car worldwide. The model enjoyed 6,892 vehicle deliveries during the quarter; bringing the total to 22,477 vehicles for the full year. This meant that for the quarter, non-GAAP revenue stood at $761million: a leap of 26 per cent compared to quarter three. This means that Tesla is now moving closer to break-even or profitability on a GAAP basis. In a letter released to its shareholders, Tesla outlined how it had exceeded its automotive gross margin by 25 per cent. Meanwhile, Tesla also offered an outlook for 2014: stating that it expects to deliver more than 35,000 Model S vehicles for the year - a leap of more than 55 per cent compared to 2013. It is expected that production will increase to more than 1,000 cars a week: that's up from 600...

Full article: http://www.thegreencarwebsite.co.uk/blog/index.php/2014/0...

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