Tesla’s shares soar on results, outlook

Published February 20, 2014 12:41am ET



Tesla Motors Inc. shares soared in extended trading after the electric car maker delivered a strong fourth-quarter performance and said that it expects sales of its vehicles to increase sharply this year.

The Palo Alto, Calif., company said Wednesday that it expects to deliver more than 35,000 of its Model S sedans in 2014, up 55 percent from last year.

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