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Autos Take Attention Back From Batteries In Tesla Motors Inc (NASDAQ:TSLA) Earnings

Cars not batteries will be the cynosure of attention as Tesla Motors Inc (NASDAQ:TSLA) declares earnings later today. Tesla investors will examine the results for indicators on whether the firm’s is on its way to meet this year’s goal to trade 55,000 vehicles and for advances on its Model X sport utility vehicle set to be launched this summer.

Analysts consulted by Bloomberg calculate that Palo Alto, California-based Tesla will lose 49 cents per share, excluding some items even as quarterly sales breached $1 billion for the very first time. Last month the firm said it traded 10,030 Model S luxury electric sedans in the quarter. Hence, investors will be waiting for a second quarter forecast.

Chief Executive Officer, Elon Musk, sparked off enthusiasm last week for the Tesla Energy line of stationary battery products for homes, businesses, and utilities. That unit can’t bloom till Tesla’s giant battery factory commences production next year. Hence, for the moment, investors are interested to know if sales are picking up in China and if the Model X SUV is still going into production this summer.

The crossover meant to appeal to women as well as men have been postponed twice. Both investors and customers are keen for production and deliveries to start. The new model is also key to assisting Tesla attain its full-year sales goal of 55,000 a 74% rise from the 2014 figure.

For the second quarter, the average analyst prediction is for 12,025 Model S deliveries. Tesla Motors Inc (NASDAQ:TSLA) had predicted around 22,000 first-half deliveries, including 1,400 vehicles that would’ve reached customers last year if not for holiday related delays and adverse winter weather.

Also on investors’ radars are indications of advances in China. While sales have been tardy in the world’s biggest auto market, Dan Dolev, an analyst with Jefferies LLC, said a survey demonstrates enough demand to reach Tesla’s sales goals through 2020 just in North America and Western Europe.

Published by Brendan Byrne

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. You may contact Brendan via his email ([email protected]) or his Google+ page (

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