Summary Electric car maker Tesla announced its fourth quarter earnings on Wednesday, and in the process assuaged any fears that last year's high-profile car fires would be a long-term drag on the company. In Tesla's case, that means the resale value guarantee (RVG) is a substantial drag on the "official" number. When you finance a car from Tesla, the company offers to buy the vehicle back between the 36th and 39th month of the loan at a guaranteed value -- 50% of the purchase price.
veooz 360° of this story
Summary The company firmed up its relationship with Panasonic overnight for cooperation in the gigafactory project. In terms of what analysts and investors will be looking for from earnings, vehicle deliveries will be front and center. Analysts and investors are going to be looking for sentiment on the Model X, which the company is expected to start delivering in the first half of 2015.
Summary Wall Street is keeping a close eye on Tesla Motors ( TSLA ), as the electric car maker enters a critical period in its history. Tesla also hopes to ramp-up production to meet growing demand overseas, particularly in China. Early on Thursday, Tesla and Panasonic formally announced a partnership to build the so-called Gigafactory.
Summary RENO, Nev. -- Tesla Motors said Thursday that it "broke ground" for its giant battery plant outside Reno. But despite the work, it said it isn't yet commiting to it as the site for its 6,500-employee "Gigafactory." "In June, we broke ground just outside Reno, Nevada on a site that could potentially be the location for the Gigafactory," CEO Elon Musk and CFO Deepak Ahuja wrote in a note to investors.
Summary SAN FRANCISCO (MarketWatch) -- Tesla Motors Inc. is expected to be active in Thursday's after-hours trading, as the electric car company is slated to announce quarterly financial results after the closing bell. Tesla is forecast to is post earnings of four cents a share on revenue of $823.7 million in the second quarter, according to a survey by FactSet.
Summary Tesla Motors beat analysts' estimates for the second quarter, earning 11 cents per adjusted share compared to the expected 4 cents. The electric car maker reported adjusted income of $16 million, but lost $61.9 million on an unadjusted basis. That compares to a net loss of $30.5 million for the same quarter last year.
Summary Tesla produced TKTK of its Model S sedans and shipped TKTK units in its second quarter, higher/lower than expected. CEO Elon Musk expects to have a confirmed in the next few months. The factory, which Musk expects to open in 2017 and outpace in one year the world's 2013 lithium-ion production, will be integral to Tesla's plans to produce the Model 3.
Summary Tesla's second-quarter earnings beat expectations but as is often the case, what the company said about the future was more intriguing than its discussion about the recent past. S and X mark the spots. The Model X crossover/SUV isn't due until spring, but Musk sees it selling about as many units as the Model S once it ramps up production, which he hopes will happen just a few months after launch -- half the time it took to get to volume on the S. He noted that Tesla has a lot of orders for the X despite buyers having not seen the vehicle, taken any test drives or really knowing much about it.
Summary Tesla Motors ( TSLA ) reported solid second-quarter results after the closing bell on Thursday, beating on revenue and earnings. The shares are down nearly 4% in the early pre-opening trade today. The negative market sentiment could be due to the increased spending that might dilute the company's profitability in the coming months.
Summary In its earnings release Tesla mentioned that it could produce about 100,000 cars by the end of 2015 barred any serious macroeconomic shocks and bad execution. Estimating 2016 and 2017 EPS - Consensus Looks Too Low. Putting together the above operating performance, guidance for the year, and most importantly the production run rate that the company could achieve at the end of 2015, a rough EPS range can be estimated for 2016, and also to a certain degree 2017.
Summary Tesla Motors CEO Elon Musk is warning of a "moderate negative effect" on Tesla earnings as a result of a decision to extend warranties of the electric cars that his company produces. Tesla announced that the Model S drive unit will have the same eight-year warranty as that of the battery pack.