"The company is speaking at the Detroit Auto Show and telegraphing that deliveries were above estimates. It is also discussing growth plans for 2014.
Tesla’s deliveries were roughly 6,900 in the fourth quarter. This is roughly 20% more than the company’s guidance.Tesla also plans to double its sales and service locations in 2014. We have not yet heard about any 2014 guidance from the company."
"Tesla’s adjusted earnings report for 2013 is expected to be $0.58 per share, according to Thomson Reuters. The consensus revenue estimate is $2.35 billion. For 2014, those estimates are expected to rise to $1.50 per share on revenue of $3.17 billion."
Detroit Auto Show: News of Strong Tesla Deliveries in Driving Seat
Some of the points of interest discussed by Tesla execs at the show:
- 6,900 Tesla Model S sales in Q4, which is 20% above guidance
- Model S sales confirmed over 25,000 units globally
- Model S is exceptional in cold weather, which has led to higher than expected sales this winter.
- Tesla’s over-the-air updates improve safety, performance, etc.
- Growth…growth…growth coming in 2014. Reckless growth.
- Tesla needs more employees urgently as it grows.
- 80 Superchargers in operation today
- Model X being worked on feverishly right now. Expected to debut in production form in California in the near future.
- Battery swapping options still being explored
- Superchargers coming to select areas of Canada soon
- Gen III will have “practical range,” won’t be restricted by range
- High hopes for sales in China
Tesla Motors has accomplished the impossible: a startup automaker gaining recognition and admiration from one of the Big Three.
As the Detroit Free Press put it: “The emergence of Tesla Motors as America’s fourth domestic automaker — a feat once viewed by the Detroit Three as practically implausible — poses a threat to the industry’s entrenched mind-set.”
With the addition of Tesla to the ranks of admired US automaker, we now have the Big Four.
The Detroit Free Press spoke with General Motors’ senior vice president of global product development, Mark Reuss, who remarked:
“I really, really believe that the world and the industry and America needs an Elon Musk. I think it’s really, really healthy. I really admire the man for everything he’s accomplished with Tesla. He’s basically built a brand, which is very hard to do in a very mature industry. So that’s huge.”
Big Three Could Become Big Four as Tesla Motors Gains Recognition From General Motors
Elon Musk: "Some confusion in media reports today. No Tesla vehicles are being physically recalled by Tesla."
Elon Musk: ‘The Word ‘Recall’ Needs to Be Recalled’
RW Baird upgraded its rating on Tesla shares to Outperform from Neutral with a $187 price target on expectations the company's production is stronger than anticipated. Baird thinks Tesla's 2014 Model S delivery guidance could top expectations and believes the car maker is several years ahead of competitors in battery technology.
Tesla upgraded to Outperform with $187 price target at RW Baird
Elon Musk CNBC Interview (video)
Tesla to See `Reckless (Relentless) Growth' in 2014: Guillen (video)
With news that Tesla Motors sold 6,900 Model S sedans globally in Q4 of 2013, we can now piece together the 2013 sales puzzle.
Tesla’s Q3 financials confirmed 15,500 sales. Now, with this Q4 statement of 6,900 added in, we can say that Model S sales in 2013 were approximately 22,400.
That’s a global sales figures, though the majority of those 22,400 sales were in the US.
The 6,900 units sold in Q4 were roughly 20% over what Tesla had expected. Similarly, Tesla sold approximately 25% more Model S sedans in Q4 than it did in Q3.
Tesla Model S Sales Exceeded 22,000 Units Globally in 2013