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Expect some jolts from Tesla earnings

Published 10/25/2016, 09:17 PM
Expect some jolts from Tesla earnings
  • It's that time again for Tesla (NASDAQ:TSLA) to spill numbers and face Q&A from the analyst community. Investors appears confident ahead of the report, with TSLA +3% over the last five sessions.
  • The consensus Q3 EPS estimate on Tesla Motors (NASDAQ:TSLA) has drifted down to -$0.04, according to the latest tabulation from FactSet. The Wall Street view just last week was for a minor display of profit from the EV automaker.
  • The difference between a penny profit and a penny loss may be trivial to the long-term outlook on Tesla, but it's still on the mind of CEO Elon Musk.
  • "It would be awesome to throw a pie in the face of all the naysayers on Wall Street who keep insisting that Tesla will always be a money-loser," wrote Musk to his employees just last month.
  • It's likely that Tesla will reiterate guidance for 50K deliveries during the second half of the year and 500K by 2018, but a hanging question is just how many Model 3 orders are in the books (surely someone will ask?).
  • Updates on the Gigfactory, Tesla Energy, SolarCity, Model X run rates and future debt/equity raises are also expected.
  • Investors will also hear from Tesla later in the week when the company hosts a solar roof product event at Universal Studios in Los Angeles on Friday night.

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