Electric car maker Tesla Motors Inc said on Tuesday deliveries of its Model S sedan in the fourth quarter blew past what the company had forecast, sending shares up 10 percent.
Tesla delivered 6,900 Model S sedans in the quarter, 20 percent above what the company had forecast, Jerome Guillen, the company’s vice president of global sales and service, said at the Detroit auto show.
Diarmuid O’Connell, Tesla’s vice president of business development, said later that the company has no plans to work with a partner to develop a new family of compact cars, known internally as Gen III and slated for production in 2017. He said
Chief Executive Elon Musk was committed to developing the cars alone.
