Photo: Tesla Motors
Tesla Motors has delivered a total of 6,893 Model S all-electric sedan in the fourth quarter of 2013 for a GAAP net loss of $16 million. This means the Palo Alto-based manufacturer sold 22,477 vehicles in 2013 with a full-year loss of $74 million.
Despite the loss, Tesla experienced a strong improvement over 2012, when it was $396 million in the red. The company earned a revenue of about $2 billion last year, which prompted Tesla stock to jump to a new record high of $217.
Tesla said it expects to sell about 35,000 Model S sedans this year, which would be a 55 percent increase over 2013. Later in 2014, Tesla will open a battery production plant (Gigafactory) and will prepare its assembly facility for the Model X crossover. The latter is expected to become available by spring 2015.
Tesla said it expects to sell about 35,000 Model S sedans this year, which would be a 55 percent increase over 2013. Later in 2014, Tesla will open a battery production plant (Gigafactory) and will prepare its assembly facility for the Model X crossover. The latter is expected to become available by spring 2015.
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