Tesla Motors confirmed this week that deliveries for its Model S EV in the fourth quarter far surpassed company predictions, which increased shares 12 percent, according to Reuters.
The automaker delivered 6,900 Model S sedans last quarter. Sales were 20 percent higher than previously predicted according to Jerome Guillen, vice president of global sales and services for the company, who spoke at the Detroit Auto Show.
"We look forward to 2014 with anticipation," Guillen said during a news conference at the show, according to Reuters. "On the sales and service side, of which I'm responsible, it's reckless growth."
Guillen said the automaker believes global sales and service locations will "double" in 2014. He also confirmed that Tesla is busy working on the Model X, which is set to be released during the second half of 2014.
Analyst said that the Tesla has been able to record strong sales numbers despite a safety probe by the U.S. into two road fires that occurred in late 2013. A third fire, which took place outside the U.S., is not involved in the probe.
"Tesla seems capable of shrugging off news that would hamper most auto manufacturers. Today the electric car maker reported its best sales quarter ever," Kelley Blue Book senior analyst Karl Brauer said, according to Reuters. "As the brand begins global deliveries the potential for further growth remains high."
The news comes the same week the automaker announced it would provide customers with new wall adaptors and charging software since the current set up increases the chance of a fire.
The National Highway Traffic Safety Administration said Tesla was recalling 29,222 Model S sedans to fix the issue, but company CEO too exception to the word recall being used to describe what the company is doing.
"Some confusion in media reports today. No Tesla vehicles are being physically recalled by Tesla," Musk said on Twitter. "The word 'recall' needs to be recalled."
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