Tesla Motors Inc Q1 Earnings Preview

Tesla Motors Inc Q1 Earnings Preview
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Tesla Motors Inc (NASDAQ:TSLA) will announce its first quarter results on Wednesday, May 7 after the bell. Model S deliveries will be in focus as many analysts expect U.S. sales to decline. Model X, gross margins, China expansion, and the Gigafactory plans will be in focus. Analysts polled by Thomson Reuters expect the electric vehicle maker to report 10 cents in EPS, compared to 22 cents in the same quarter last year. Revenues are expected to jump 24.4% YoY from $561.7 million to $699.10.

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Tesla’s full year revenues expected to jump 47%

Notably, the consensus EPS estimate suggests 2 cents decline from the last year. And the Wall Street consensus for Q1 EPS has declined from 13 cents to 10 cents in the past 60 days. For the current quarter, the Wall Street consensus calls for $818.74 million in sales and 27 cents in earnings per share, reflecting a 48% revenue. Meanwhile, analysts expect revenues to jump 47% to $3.65 billion with $1.78 in EPS for the full year 2014.

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Analysts expect Tesla Motors Inc (NASDAQ:TSLA) to deliver 6,500 vehicles in the first quarter, compared to the electric vehicle maker’s own guidance of 6,400 Model S deliveries. However, sales in the U.S. are expected to slow. Barclays analyst Brian A. Johnson expects Tesla to sell 3,800 vehicles in North America during the quarter, compared to 4,100 units in Q4 of 2013.

How is Tesla progressing in China?

Morgan Stanley analyst Adam Jonas forecasts first quarter Model S deliveries of 6468 units, up 32% from 4,900 in the same quarter a year earlier. Jonas expects Tesla Motors Inc (NASDAQ:TSLA) to report $653 million in revenues and 22 cents in EPS. Tesla CEO Elon Musk said during the previous earnings call that the company will increase its production to 1,000 units per week by the end of this year. The new production line is expected to be completed in the third quarter. Investors would like to know if it remains on schedule.


Wall Street expects Tesla Motors Inc (NASDAQ:TSLA) to highlight the demand from China. Elon Musk has stated that the non-U.S. sales will eventually be twice the size of the American sales. Tesla’s Beijing store is its most active and largest store in the world.

Tesla Motors Inc (NASDAQ:TSLA) shares were down 0.46% to $209.95 in pre-market trading Monday.

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