Tesla delivered about 2,650 Model S electric sedans in 2012 — 2,400 in the fourth quarter alone — and reaffirmed its plans to deliver 20,000 Model S vehicles this year.
Tesla CEO Elon Musk forecast deliveries of 20,000 Model S electric sedans this year, starting with about 4,500 deliveries in Q1.
To get there, Tesla needs to sell 1,667 vehicles a month and take in a little less than 55 firm orders per day.
European deliveries of the Model S start this summer and Asian deliveries later this year.
Tesla’s fourth-quarter revenue jumped to $306.3 million, up 500% sequentially from the $50.1 million reported in Q3, and up more than sevenfold from $39.4 million a year ago.
Tesla’s profit margin swung from negative-17 percent during the third quarter to 8 percent during the fourth.
For the full year, Tesla posted a net loss of $396.2 million on revenue of $385.7 million compared to a 2011 loss of $254.4 million on revenue of $148.6 million. The automaker is targeting a profit margin of 25 percent by the end of 2013.