Tesla reaches record Model S sales and prepares to expand into …

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Tesla Model S

The company’s hefty 55% growth is tempered by the postponed Model X.

by Geuss — Feb 19, 2014 pm UTC

On Wednesday afternoon, Tesla released a very strong quarter earnings report sent $TSLA shares up percent (as of this writing) in trading. The electric vehicle which lost $35 million in a Q3. reported that it sold a 6,892 Model S vehicles in the quarter. That push Tesla just barely the ambitious 25 percent automotive margin that it had predicted for Q4 at the end of Q3.


Tesla reported this earnings in both GAAP and terms (GAAP stands for Accepted Accounting Principles ). By measures, Tesla made $46 in profit this quarter, but GAAP principles, it sustained a of $16 million. We saw this split in August 2013 when both made a profit of million by the looser non-GAAP and also sustained a loss of million by the more stringent rules.

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“It is important to that the differences between and non-GAAP are primarily due to lease for our resale value guarantee and employee stock based as a result of the increase in our stock last year,” wrote in its Wednesday report. “If current continue, the average price of a Model S should be meaningfully our resale value guarantee.”

Tesla Model S

assuaging any doubts that have been had from GAAP loss was Tesla’s that it’s sitting on $40 in positive free flow of from Q4, and that it expects to vehicle delivery growth by 55 in 2014. “Production is expected to from 600 cars/week presently to 1,000 cars/week by end of the year as we our factory capacity and address bottlenecks,” Tesla wrote in its statement.

Expansion in China has also Tesla into a good especially given news this month that the government would give S buyers a larger-than-expected subsidy, in to improve air quality in that In the conference call this CEO Elon Musk told and reporters that the Chinese will be good to Tesla the company starts shipping its this spring. “It will be that we will be able to demand in China this Musk said.

The one damper on the news today was the consumer-delivery timeline for the next-generation Model X will be pushed from the end of 2014 to Spring And, due to a ramp up in Model X Tesla expects its operating to increase by 15 percent in Q1 2014.

also addressed news last fall involving vehicle fires that Model S’ had sustained. “At we saw a significant drop in demand, and as consumers came to understand was a media driven thing, and not a danger with the car, and then our sales have steadily.” A federal safety opened an inquiry into the S’ lithium-ion battery in November, but Musk said not worried about what the would find.

Finally, Tesla predicts it’s Q1 revenue growth be relatively small compared to the three quarters of 2014. actual revenue number for Q1. be lower than it might be,” although Tesla expects to turn a profit.

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