WASHINGTON (dpa-AFX) - Tesla Motors, Inc. (TSLA) reported a net loss for the fourth quarter of $89.9 million or $0.79 per share, compared to a net loss of $81.5 million or $0.78 per share for the year-ago quarter.
Excluding items, adjusted net loss for the fourth quarter was $74.6 million or $0.65 per share, compared to an adjusted net loss of $72.2 million or $0.69 per share in the prior year quarter.
Total revenue for the fourth quarter rose to $306.33 million from $39.38 million a year ago.
Analysts polled by Thomson Reuters expected the company to report a loss of $0.53 per share on revenue of $298.40 million for the fourth quarter. Analysts' estimates typically exclude special items.
Looking forward, the company said it plans to deliver about 20,000 Model S units in 2013. the company expects to start the year with about 4,500 deliveries in the first quarter. The company plans to start European deliveries of the Model S this summer and Asian deliveries later this year.
In the first quarter of 2013, the company expects to generate slightly positive net income, on a non-GAAP basis.
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