Tesla’s 4Q net loss doubles but shares up on outlook

We plan to invest in equipment to support cell production at the Gigafactory, begin installation of Model 3 vehicle production machinery, open about 80 retail locations and service centers, and energize about 300 new Supercharger locations.

Tesla shares are still down more than 30 percent since the beginning of the year, reflecting investor concerns about continued losses. He said Tesla increased its vehicle deliveries by 76% in the fourth quarter over the same quarter in 2014.

If Tesla Chief Executive Officer Elon Musk shows a concept auto, that may spark a rebound in a stock that is off 38 percent so far this year. And although many people remain skeptical that Tesla can actually bring a 200-mile EV to market (and make it profitable) while priced from $35,000 before incentives, the company is doubling down on its claims.

What Musk is referring to is the 2015 U.S. sales data for the Model S in which it outsold all of its large luxury sedan competitors by a large margin. “I think that’s pretty exciting and unusual”, during a conference call with analysts and the media.

Speculation has also suggested Musk’s company will look to recoup costs charging drivers for supercharging, which has been free for Models S and X.

The automaker hit record production levels past year, delivering 50,508 Model S and Model X vehicles. Analysts surveyed by S&P Global Market Intelligence said Tesla has been expected an adjusted earnings per share of 12 cents for the fourth quarter.

Twitter (NYSE:TWTR) and Tesla Motors (NASDAQ:TSLA) reported its financial results for the fourth quarter after hours on Wednesday. I mean, I personally still prefer to drive the Model S over the X, because I like the lower position of a sedan. Musk has said since 2015 that the price would be $35,000, Jalopnik notes.

Tesla, being one of the most futuristic automotive players in the world, is expected to make huge revenue year after year, but this is not the case.

The company is also making investments in battery technology and vehicle production.

Tesla also said that production and deliveries were on track for late 2017. We’re listening in to the company’s earnings call now, and will update this post if there’s any new information.