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Tesla Motors, is expected to announce earnings, tomorrow after market close. The report will be for the fiscal Quarter ending Sep 2014.
What to expect from Tesla Earnings
Shares of Tesla have jumped 60% so far this year through early Tuesday, compared with a 9.2% gain for the S&P 500 index SPX, -0.71% and a gain of 0.6% for the Russell 2000 RUT, -0.50% a small-cap benchmark.
Tesla is expected to break even in the third quarter, according to analysts surveyed by FactSet. That would compare with earnings of 12 cents a share in the same period a year ago.
Tesla is witnessing growing sales due to the strong performance and impressive design of its products. Vehicle deliveries are expected to increase to 7,800 in the third quarter of 2014 from 7,579 cars in the second quarter. Sales are pegged at $895 million, up 48% from $603 million in the same period a year ago.
The Model 3 is expected within a couple of years, and its production hinges on the success of Tesla’s “gigafactory” being built outside Reno, Nev. To produce a mass-market car, expected to cost about $35,000, Tesla needs its batteries to be cheaper, more efficient, and more plentiful.
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