Tesla Motors Inc (TSLA) Second Quarter Earnings Preview

Tesla Motors Inc (TSLA) Second Quarter Earnings Preview
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Tesla Motors is scheduled to report its financial results for the second quarter after the market close on Wednesday, August 5, 2015. CEO Elon Musk is expected to discuss the details of the financial performance of the electric car manufacturer during a conference call with analysts.

Analysts’ expectations from Tesla (TSLA)

Wall Street analysts expected Tesla Motors to report losses of $126.1 million or $1.02 per share for the second quarter, according to data compiled by Thomson Reuters. Its revenue is expected to be around $1.17 billion.

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Wall Street analysts expected the electric car manufacturer to incur wider losses and better revenue based on their consensus estimate for the second quarter. During the same period a year ago, Tesla Motors recorded losses of $61.9 million or $0.50 per share and revenue of $858 million.

Analysts will also focus their intention on Tesla Motors’ vehicle deliveries. They want to know if the company will be able to deliver 55,000 electric cars this year. Last month, Tesla Motors reported that its Model S deliveries increased 52% to 11,507 units in the second quarter. The company already delivered 21,552 Model S units during the first six months of 2015.

In a note to investors yesterday, Baird research analyst Benjamin Kallio wrote, “We think demand for the Model S will remain strong throughout 2015 in the U.S. and Europe.” He also noted that Tesla has “several significant milestones coming up over the next few months.”

Analysts want to know the latest developments regarding the electric car manufacturer’s Model X vehicle, Gigafactory, and Tesla Energy business unit. During a previous interview with CNBC, Tesla CEO Elon Musk said the Model X would double the company’s sales volume.

Options traders feel “nervous”onTesla’s (TSLA) earnings

In an interview with CNBC’s Fast Money on Tuesday, Dan Nathan of RiskReversal.com said options traders “seemed a little worried about Tesla’s quarterly earnings citing the fact that it is a controversial name. He said, “There’s a lot they could disappoint on.”

According to Nathan, there is a potential for Tesla’s stock price to consolidate around the $260 level. He said the chart seemed to signal a potential downturn. “This flag is a bit precarious from a purely technical standpoint, especially given that massive run,” he said. The company’s stock gained 20% this year.

On the other hand, Tim Seymour of Triogem Asset Management commented that Tesla gained due to expectations of future profits from electric vehicles. He predicted that the stock price of the company would likely decline to $220 per share.

Seymour said,” I do not think the EV is a major opportunity for these guys [referring to Tesla], but it’s in the stock. That to me is where the Street was able to take the stock up 20 to 30 percent. I think you trade right bank down on that.”

Tesla shares were trading $265.86 per share, slightly down at the time of this writing around 12:22 in the afternoon in New York today.

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