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Tesla sales surge, predicts ‘reckless growth’

Tesla Motors said Tuesday it sold 6,900 of its Model S sedan in the fourth quarter, which is 25% higher than the previous quarter and about 20% over its most recent guidance.

Shares of Tesla (TSLA) shot up more than 4% immediately after the announcement, made at the Detroit auto show.

At the time it reported third quarter results Tesla said it expected fourth quarter sales of “slightly under 6,000” vehicles. Jerome Guillen, Tesla’s vice president of sales and service, would not give any new guidance on 2014 sales, though he promised the electric car maker would continue to enjoy growing sales.

“What’s in store for 2014? It’s growth, growth and growth,” he said. “On the sales and service side, it’s reckless growth.”


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