Tesla Motors Inc (NASDAQ:TSLA) released its earnings numbers for the three months through September this afternoon after the market closed on Wall Street. The company showed earnings per share of $0.12 for the third quarter of 2013 on revenue totaling $603 million. On today’s market shares in the electric car maker rose by a fraction in anticipation of this release.
In the run-up to the release of this earnings report, 13 analysts surveyed by Bloomberg put a consensus estimate of 10 cents per share on the Tesla Motors Inc (NASDAQ:TSLA) third quarter. Revenue in the third quarter of the year was expected to come in at $503 million. In the third quarter of 2012 Tesla lost 92 cents per share on revenue totaling $50.1 million. Estimates for GAAP earnings came in at a loss of 25 cents.
ValueWalk's Raul Panganiban interviews Kirk Du Plessis, Founder and CEO of Option Alpha, and discuss Option Alpha and his general approach to investing. Q1 2021 hedge fund letters, conferences and more The following is a computer generated transcript and may contain some errors. Interview with Option Alpha's Kirk Du Plessis
Tesla Model S performance
Tesla Motors Inc (NASDAQ:TSLA) relies on a single product for the vast majority of its earnings. The company sols 5,500 Model S sedans during the period. Tesla has had its share of problems with production in the last year, so deliveries are a very important metric for the business.
Tesla Motors Inc (NASDAQ:TSLA) is the definition of a growth company. The firm is valued at a level that makes little sense considering its earnings per share and its revenue. There are a few things that investors are waiting for in order to allow the company to justify its massive valuation, but today’s earnings report appears to have proved little about the viability of the company’s business, and valuation.
The expectations that the market has put on Tesla Motors Inc (NASDAQ:TSLA) have caused the stock to more than quintuple in value through the year so far. The company’s value has benefited from better than expected earnings in the first two reports the firm released in 2013, and a huge amount of visibility because of the Tesla, and Elon Musk, “cool factor.”
Management from Tesla Motors, including CEO Musk, will host a conference call to discuss these results at 5:30PM EST. Investors will be looking to hear about the production timeline for the company’s next vehicle, the Tesla Model X, and the firm’s outlook for the fourth quarter of the year.
Tesla Motors Inc (NASDAQ:TSLA) is one of the most exciting companies out there right now. The company’s massive following and its high valuation may lead to volatile trading after market, and tomorrow morning.