- Tesla Motors (NASDAQ: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%.
- Shareholder letter (.pdf)
- TSLA +13.5% AH to $220.78.