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.
Summary During an interview with Bloomberg prior to Tesla's earnings call yesterday, CEO Elon Musk discussed a few interesting tidbits. Tesla also needs to boost battery production before it can roll out SUVs at a speedy enough pace to meet demand, which Musk expects will exceed Model S adoption. Commenting on design, Musk said "it's damn hard to make an SUV... that is beautiful and yet incredibly functional at the same time. It's a harder design problem than the Model S."
Summary The high-end electric car manufacturer has fired on all cylinders from top to bottom line. It's not just rising interest rates that could threaten the housing recovery but reports that mortgage servicers are once again making some of the same mistakes that contributed to the last housing crisis. The head of the Mortgage Bankers Association offers his analysis of the situation.
Summary Tesla Motors is scheduled to announce its Q4 and full-year earnings on February 19. Tesla has already announced the full year sales figures. During the quarter, the automaker sold 6,900 Model S cars to take the full year tally to 22,400.The fourth quarter sales were about 15% more than the company's guidance given out at the end of the third quarter.
Summary Tesla reported great numbers and is discussing them live right now. He credited social media for combating the mainstream coverage of the fires, which Musk implied sensationalized the situation. Much of the "bear case" surrounding the company is suffering in the face of the actual results on the ground.
Summary Today: Facebook pays $16 billion for popular messaging app WhatsApp, its largest acquisition to date. Anyone who thought that the $1 billion price tag on Facebook's acquisition of Instagram was shocking will want to shield their eyes from the social network's latest purchase: The Menlo Park company announced Wednesday that it has agreed to acquire Mountain View-based WhatsApp for $16 billion. Facebook announced the move in a filing with the Securities and Exchange Commission and in a statement, which detailed a cash payment of $4 billion and a transfer of more than 180 million shares of Facebook stock, a total that added up to a value of $12 billion based on the stock's average closing price in the previous six trading sessions before Tuesday.
Summary Tesla's fourth-quarter earnings didn't contain many surprises as the company had pre-announced it delivered nearly 6,900 cars last month at the Detroit Auto Show. The experience of 2013 tells us that it's seeking to exceed that number by as much as it can. In the shareholder letter, the company mentions it will be constrained on batteries during the first half of 2014, but expects the shortage to ease by the second half.
Summary NEW YORK ( TheStreet ) -- Tesla Motors ( TSLA ) reports fourth-quarter earnings after the closing bell on Wednesday. At the Detroit Auto Show last month, Jerome Guillen, Tesla vice president, announced the company had delivered 6,900 Model S units during the fourth quarter, 20% higher than the company's initial estimate. Tesla cited "the superlative safety record of the Model S and great performance under extremely cold conditions" as reasons the company delivered so many vehicles during the quarter.
Summary Tesla (NASDAQ: TSLA ) is scheduled to report its fourth quarter results after the closing bell on Wednesday. Satghare is a believer of Tesla's management's ability to execute in the ever competitive auto industry. In fact, according to Satghare, Tesla has the potential to be one of the most profitable premium auto manufacturers by the end of the decade.
Summary NEW YORK ( TheStreet ) -- Though Tesla Motors ( TSLA ) already pre-announced how many Model S units it delivered in the fourth quarter, all eyes will be on some of the company's more closely watched metrics when it reports its quarterly results after market close, including the company's goal to hit 25% gross margins. However, at least judging by the 6,900 units delivered, Tesla can satisfy consumer demand for the vehicle. The safety of the Model S is another story, as the National Highway Traffic Safety Administration (NHTSA) continues to work on the probe Tesla asked for.
Summary The electric car manufacturer Tesla Motors Inc ( NASDAQ:TSLA ) has had a pretty spectacular twelve months. But whether the company can keep up its impressive momentum in the longer-term remains to be seen. The release of the long awaited, and frequently delayed, Model X would be a particular boon for Tesla, or at the very least the ability to release some concrete information on when it can be expected.