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Electric Car Stock News: Tesla (TSLA) Releases Fourth Quarter & Full Year 2013 Financial Results

Record 6,892 Model S vehicles sold and delivered in Q4

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PALO ALTO, CA - February 20, 2014 (Investorideas.com renewable energy stocks newswire) Tesla (NASDAQ: TSLA) released its financial results for the fourth quarter and full year ended December 31, 2013 yesterday at the close , by posting the current Shareholder Letter on its website. Please visit the investor relations section of the Tesla website at http://ir.teslamotors.com to view the letter and results.

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Tesla Motors, Inc. Fourth Quarter & Full Year 2013 Shareholder Letter

  • Record 6,892 Model S vehicles sold and delivered in Q4
  • World's highest Consumer Reports customer satisfaction score of 99/100
  • Q4 auto gross margin of 25% with no zero emission vehicle (ZEV) credit revenue
  • Supercharger network built across most of USA and Northwest Europe
  • Net income of $46M and $0.33 EPS (non-GAAP), loss of $16M and $(0.13) EPS

(GAAP) in Q4

  • Positive free cash flow of $40M in Q4
  • Expecting over 55% vehicle delivery growth in 2014 and 28% auto GM by Q4

Full letter - http://files.shareholder.com/

Tesla Motors, Inc. (TSLA) - $212.28 Up 18.64(9.63%)

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As previously announced, Tesla management will host a live question & answer (Q&A) webcast at 2:30 p.m. Pacific Time (5:30 p.m. Eastern Time) to discuss the company's financial and business results and outlook.

What: Tesla Fourth Quarter & Full Year 2013 Financial Results Q&A Webcast

When: Wednesday, February 19, 2014

Time: 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time

Shareholder Letter: http://ir.teslamotors.com

Webcast: http://ir.teslamotors.com (live and replay)

The webcast will be archived on the company's website for a period of one year following the date of the call

Contact:

Investor Relations
Jeff Evanson
Tesla Motors

Press
Liz Jarvis-Shean
Tesla Motors

More Info:

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