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Tesla Motors tears higher as guidance supports growth story

Feb. 19, 2014 4:18 PM ETTesla, Inc. (TSLA) StockTSLABy: Clark Schultz, SA News Editor62 Comments
  • 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.

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