Tesla Earnings Tend To Beat, But Will Product Pledge Deliver?
Get ready for an earful when electric-car maker Tesla Motors (NASDAQ: TSLA) reports Q2 earnings after the bell on Wednesday. We're listening for how well deliveries of its $100,000 Model S are wrapping up, whether the roll-out date for its new sport-utility car will change, and whether China's economic and stock woes are denting TSLA's full-year revenue outlook.
These details matter because some market bulls are looking for Tesla to crash through profit and sales expectations. After all, it's done just that in seven of the last eight quarters. This quarter, like the year-ago period, Tesla is expected to fall into the red and turn in an adjusted loss of $0.60 cents a share but on far greater revenues of $1.17 billion than last year's $769.35 million. It made an adjusted profit of $0.11 a share then.
The revenue figure becomes the must-watch number as has been the case for many companies this earnings period. That's especially true for TSLA given its expected quarterly loss.
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This piece was originally posted here by JJ Kinahan on August 5, 2015.
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