Carly Forster

About the Author Carly Forster

Content Manager at TipRanks. Earned a Bachelor of Arts Degree with a Major in Communications at the University of California, San Diego.

Tesla: What To Look For In Q3 Report


Who?

Tesla Motors, Inc. (NASDAQ: TSLA) is an American automobile company that designs, manufactures, and sells electric powered cars.

When?

Tesla is scheduled to announce its third quarter 2014 earnings report ended September 30th after market close on Wednesday, November 5th.  Analysts’ expect that Tesla will report -$0.01 EPS on a Non-GAAP basis with $889.3 million in total revenue. During the same quarter last year, the company posted $0.12 EPS and $602.6 million in total revenue, considerably coming out ahead of analysts’ expectations.

Where?

Tesla management is set to hold a live question and answer webcast at 2:30pm PST (5:30pm EST) to review the Company’s financial and business results and outlook. The electric automobile company previously forecast the production of 9,000 to 11,000 Model S cars and the delivery of 7,800 Model S cars during the third quarter. In addition, Tesla foresees to deliver 35,000 plus Model S vehicles by the end of 2014. Tesla expects its gross margin to be close to what it was in its second quarter, potentially falling flat or making a slight profit for the quarter.

What?

Aside from Model S deliveries and an update on its full-year guidance, Tesla is expected to update investors on the status of its new Model X. Tesla said earlier this year that the “development efforts remain on track for production of Model X in the spring of 2015.” Specifically, investors and analysts alike are looking for an update on beta versions of the vehicle, timing of production and reservations.

In addition, investors and analysts’ are also expecting Tesla to give an update on its integration into the Chinese market, as well as the status of its Gigafactory being built in Nevada.

Final Thought

Tesla is scheduled to report its Q3 earnings results in a webcast on Wednesday after market close. Will Tesla give investors a reason to be excited or will it disappoint?

On average, the current top analyst consensus for Tesla is Moderate Buy.

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