Tesla Motors tears higher as guidance supports growth story

|About: Tesla Motors (TSLA)|By:, SA News Editor

Tesla Motors (TSLA) cruises past the profit estimate of analysts with its Q4 report, but ends up short of revenue forecasts.

The revenue haul for the quarter included $15M in regulatory credits, but no ZEV credit sales.

The automaker sold 6,892 Model S vehicles during the period (previously disclosed) and expects to move 35K Model S units in 2014 with deliveries back-end loaded.

Tesla's gross margin rate of 25.2% is in-line with expectations. By the end of this year, the EV automaker sees the gross margin rate closer to 28%.

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TSLA +13.5% AH to $220.78.