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Loss Reported By Tesla Motors Inc. (NASDAQ:TSLA) Surpasses the Estimates

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By on Automobile

Tesla Motors Inc. (NASDAQ:TSLA) recently reported its third fiscal quarter’s earnings report: the company saw a loss of $0.25 per share. It is important to note here that Tesla had reported an adjusted loss of 4 cents for each share for the same quarter a year back. This year around, the gap has spiked up, beating the Zacks estimates of -$0.15 per share.

The company’s adjusted records excluded the interest expenses that it had to bore for the Model S lease. The gross profit of Tesla Motors Inc. (NASDAQ:TSLA) reached $0.12 per share. The figures are recorded to be quite low when compared with the numbers of the same quarter a year back. Last year, the company reported a gross profit of $0.21 per share, with a net loss of around $0.52 per share.

The top line of the accounting department of Tesla spiked up by 54.7 percent and reached to $932.3 million. The lease accounting was recorded to be around $602.6 million for the same quarter a year back. Zacks had estimated the revenues to reach $868 million, the figures surpassed the estimates for 3Q.

Tesla Motors Inc. (NASDAQ:TSLA) had mentioned in its guidance report that it would make 9,000 deliveries. However, the company missed the target and shipped only 7,785 cars. The rate was 2.7 percent higher than the previous quarter though.

The automobile revenues of the company increased from $430.2 million to $849 million in a matter of one year. The sales figures of automobile segment boosted up from the deliveries of higher vehicles and the sale of Daimler AG for a total of $31 million. The numbers also got their support from regulatory credits.

As far as the development services’ segment is concerned, the revenues of the segment increased from $1.2 million to $2.8 million during a time period of one year.

Tesla Motors Inc. (NASDAQ:TSLA) has cash equivalents, including cash, of $2.4 billion. It is pertinent to note here that the company had a total cash of $845.9 million on December 31, 2013. The long-term debt of the company has also increased from $586.3 million to $2.4 billion from December 2013 to September 2013.

Coming to the cash flow from operations, Tesla Motors Inc. (NASDAQ:TSLA) maintained a cash flow of $130.8 million during the year 2013. For the year 2014, Tesla’s cash flow is reported to be at $29.2 million, which is quite alarming.

Capital expenditures of the company increased from $174.8 million to $601.2 million in a matter of one year.

The company currently has a #5 Zacks rank on its stocks, with a rating of ‘Strong Sell.” As far as the stock prices of Tesla Motors Inc. (NASDAQ:TSLA) are concerned, the company, during the last trading session of November 6, 2014, started its stocks at a price of $234.49 and closed at a price of $243.37, after hitting the highest figures of $246.69. The company has a total market capitalization of $30.28 billion.

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