Tesla Teeters Ahead Of Q3 Report

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Tesla Motors
TSLA
shares are trading lower by $1 at $147,25 in Wednesday's session. Unless the issue can end the session above $148.25, it will post its lowest close since January 13, 2014 when it ended the session at $139.34. After the close, all eyes will be on its Q3 report and more importantly any forward guidance that will offered by the company. A recent trend this quarter has been for company's trading at a high multiple meeting or beating Street estimates for EPS and revenues, but end up getting crushed when forward guidance falls short. For the quarter, Street estimates stand at $0.09 for EPS as well by far its best quarter for revenues at $1.79B.
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