Update (4:16 p.m. EST): Updated with closing price, day high and low prices, price change and volume information, as well as more remarks from Jerome Guillen.
NEW YORK (TheStreet) -- Tesla Motors Inc. (TSLA) rose 15.68% to $161.19, up $21.85 from its previous close of $139.34, on Tuesday after the company announced better-than-expected vehicle delivery in its fourth quarter and also announced plans to double its sales and services locations (of which the company already has 150) and add 80 new supercharger stations worldwide in 2014.
The stock had a volume of 25,912,275, far above its average of 10,897,900. It had a high of $162 and a low of $136.67 for the day.
Tesla Vice President Jerome Guillen delivered remarks at the Detroit Auto Show on Tuesday and announced that the Palo Alto-based auto maker had delivered 6,900 vehicles in the fourth quarter, which exceeded the company's previous guidance of slightly less than 6,000 for the quarter. The stock climbed to $149.75 shortly before noon.
But just minutes later, news broke that the company would recall up to 29,000 Model S vehicles because of issues with the wall charger power adapter, which some customers had said caused overheating in their garages, and the stock lost some momentum and dropped below $144. Tesla CEO Elon Musk then took to Twitter to clarify that "no Tesla vehicles are being physically recalled by Tesla" and that "there was an over-the-air software update (done last month) and an upgraded US 14-50 adapter will be mailed to customers."
He ended with "the word 'recall' needs to be recalled."
Guillen also clarified that the software update should fix problems for 99% of customers.
Tesla recently announced that it would upgrade its wall chargers, which would include an automatic shut-off in case of overheating.