Next Thursday, Tesla Motors (NASDAQ:TSLA) will released its quarterly earnings reports. Investors are especially keen on seeing the figures of Tesla’s deliveries. If any of Tesla’s past earnings reports are an indication of what is to come, then investors are looking towards a hefty profit. For this quarter, analysts are expecting Tesla to meet or even beat its goals and set a solid second half of the year.
Important Figures In Tesla’s Earnings Report
Investors will be heavily focusing on Tesla’s deliveries report. Previously for the June quarter, the company predicted 7,500 deliveries. Now, analysts are expecting anywhere in the range of 7,500 and 7,800 units. For the entire year, the company is looking to deliver 35,000 cars. Especially important are the number of deliveries in Europe, because investors are still concerned that sales have plateaued for the electric auto maker. The market in China is also vitally important because it represents the largest luxury auto market in the world.
Investors will also be looking for updates on Tesla’s new gigafactory. Tesla has left many investors hanging on the details of the facility ever since its announcement. The company still has yet to announce a location for the gigafactory.
Tesla is also expected to address rumors and questions about its new auto model, the Model X. Investors are looking for more information regarding the car’s marketing campaign, as well as a timeline for the mass market Generation III car. This factor also depends on new regarding the gigafactory, which will make the batteries required to run the car.
Expectations for Tesla
Analysts have rather low expectations for Tesla. They predict that the electric car maker will report losses that net $55 million. This is an increase in losses from the same quarter one year ago, which was $31 million in 2013. The company is expected to report profits of $0.04 per share, a decrease from the $0.20 exactly a year ago. In terms of revenue, analysts are forecasting $824 million – another drop from the company’s revenue a year ago, which was $551 million. For the full year, analysts predict that the company will reach $3.8 billion.
Throughout this entire year, the Tesla stock has risen 49%, with the greatest gains in February and March. The company’s shares made a record high in February when it hit $256 per share. This jump was due to the company’s announcement of strong fourth quarter results and details on the gigafactory. To put things into perspective, the stock had risen 73% over the past year, but only 13% in the past three months.
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