Tesla Motors Inc (NASDAQ:TSLA) is scheduled to report its earnings results for the second quarter of the current fiscal year on Wednesday, August 7, 2013.


Tesla Motors expected to post loss

Wall Street analysts anticipate that quarterly losses of the electric car manufacturer headed by billionaire entrepreneur Elon Musk will be lower than its previous losses in the second quarter a year ago. Tesla Motors Inc (NASDAQ:TSLA) is expected to report $0.36 losses per share compared with $1.00 losses per share in the same period last year. For the full fiscal 2013, analysts project the company will post $0.68 losses per share.

In terms of revenue, analysts estimate that Tesla Motors Inc (NASDAQ:TSLA) will be able to report $393.4 million, 1376% higher than its $26.7 million revenue in the second quarter last year. For the entire 2013, the electric car manufacturer is expected to generate a revenue of $184 billion.

Tesla Motors Inc (NASDAQ:TSLA) posted losses during the two previous consecutive quarters. However, the electric car manufacturer managed to increase its revenue over the past four quarters by more than seven times on an average year-over-year. During the first quarter, the company enjoyed its largest revenue increase at 2008% compared with its revenue in the same period a year ago.

Tesla stocks attractive

Over the past 52-week range, Tesla Motors Inc (NASDAQ:TSLA) stock has been trading higher. The stock rose from its lowest level at $26.86 per share to its highest level at $144.33 per share. After trading hours on Monday, stock was up by more than 4% to $144.07 per share.

A majority of the Wall Street analysts (73%) covering Tesla Motors Inc (NASDAQ:TSLA) recommended a Buy rating. Only one out of the eight analysts recommended a Sell rating for the stock.

In separate news, Tesla Motors Inc (NASDAQ:TSLA) could face a new challenge with changes in regulations in California. According to observers in the industry, the electric car manufacturer’s revenue might be negatively affected by the zero-emissions credit under the rule changes proposed by regulators.  Air Resources Board will not implement any rule changes until October.