Tesla Motors Inc (TSLA) Earnings: Deliveries, Gigafactory

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Tesla Motors Inc (NASDAQ:TSLA) is scheduled to release its next earnings report on Thursday. When the automaker reports, investors will be looking at how it’s doing on deliveries. Wall Street is pretty excited, as it has been heading into Tesla’s previous earnings report, and analysts are expecting the company to either meet or exceed its goals and set itself for a strong second half of the year.

Key metrics in Tesla Motors Inc (NASDAQ:TSLA)’s report

Tesla previously guided for 7,500 deliveries during the June quarter. Analysts are looking for anywhere between 7,500 and 7,800 deliveries. For the full year, Tesla expects to deliver 35,000 cars. Claudia Assis of MarketWatch reports that deliveries in Europe are especially important this time around because many investors are concerned that they have plateaued. Deliveries in China are also important because it represent the biggest luxury car market in the world.

Other topics on which investors will be looking for updates include the gigafactory. Tesla has yet to even announce a location for the facility, so many investors have been anxiously waiting for news on this front. The Model X is also going to be a hot topic in this week’s earnings call. Investors will probably want to hear more about the marketing campaign for the crossover vehicle and also a timeline for the mass market Generation III car, which hinges on the timeline of the gigafactory because the cars require the batteries made by the factory.

Expectations for  Tesla Motors Inc (NASDAQ:TSLA)

In terms of numbers, analysts are expecting Tesla Motors to post net losses of $55 million. That’s compared to $31 million in the same quarter a year ago. Excluding items, analysts are expected to post profits of 4 cents per share, compared to 20 cents per share in the same quarter a year ago. In revenue, analysts are expecting $824 million, compared to the $551 million Tesla reported in the June quarter of last year. Analysts are projecting $3.8 billion in sales for the full year.

So far this year, Tesla stock has climbed 49%, with most of the gains occurring in February and March. The automaker’s stock hit a record $265 per share in late February only a week after it posted strong results for the fourth quarter and gave more details on the gigifactory. In the last 12 months, the stock has climbed 73%, while in the last three months, it has increased 13%.

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