Tesla Sells Over 22,000 Cars in 2013

Tesla Sells Over 22,000 Cars in 2013

California-based electric car maker Tesla says it delivered about 22,300 Model S electric luxury sedans in 2013.

That means the brand managed to exceed previous 21,000 delivery target that CEO and co-founder Elon Musk spoke of earlier in the year. The news sent its stock soaring 16 percent after it was announced yesterday during the Detroit Auto Show.

The sales figure puts Tesla on a near-level playing field in sales compared to both Chevrolet and Nissan. The Volt led sales in 2013 with Chevrolet delivering 23,094 of its Volt range-extended electric hatchbacks. The Nissan Leaf wasn’t far behind at 22,610.

“A higher than expected number of cars was manufactured as a result of an excellent effort by the Tesla production team and key suppliers, particularly Panasonic,” Tesla said in a statement.

Panasonic is Tesla’s main battery supplier. The company announced late last October that it had reached an agreement with Panasonic to increase its supply of automotive-grade lithium ion battery cells. The two companies updated their previous 2011 agreement to provision Tesla with two billion battery cells over the course of four years.

Musk has said in the past that it is supply rather than demand constrained.

[Source: Automotive News]