Tesla record - Q4 Sales

Tesla Motors Inc. reported record sales of its Model S electric car in the fourth quarter of 2013, but posted a net loss of $16 million for the quarter, the Pale Alto-based company reported on wednesday.

The electric car company increased its revenue in the fourth quarter to $615 million, up 43 per cent from the 3rd quarter.

The company says it delivered more than 22,000 Model S Vehicles in 2013, and a record 6,892 in the fourth quarter alone,resulting in over $2 billion in sales for the year.

This year Tesla expects to sell more than 35,000 Model S Cars.

The First Model S deliveries to China are scheduled for this spring.

Tesla share prices rose 15 per cent in after- hours trading after earning were announced.

The report comes a day after Tesla held talks with Apple, fuelling discussion of a possible merger.
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