Tesla Inc (TSLA) Shares Rise After Sales Beat Estimates

Tesla Inc (TSLA) Shares Rise After Sales Beat Estimates

Tesla Inc (TSLA) Shares Rise After Sales Beat Estimates

The average analyst estimate for Tesla's quarterly adjusted, non-GAAP loss per share is 43 cents, according to Thomson Reuters data.

Revenue rose 88 percent to $2.28 billion, beating estimates of $2.22 billion. That said, Tesla made a point of designing the Model 3 to be easier to build, something the Model X crossover didn't have going for it. Musk has expressed regret that the X didn't launch with fewer features to ensure a smoother rollout.

A loss of 42 cents expected by Thomson Reuters analysts' consensus.

After the bell on Wednesday, Tesla Motors (NASDAQ:TSLA) finally published its fourth quarter results. That model places more of a financial burden on homeowners, but Elon Musk, Tesla's CEO, has said residents often can finance rooftop solar for less than SolarCity can.

In its outlook statement, Tesla said it expects to deliver 47,00 to 50,000 Model S and Model X vehicles combined in the first half of 2017, representing growth of 61% to 71% over the first half of past year.

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TSLA shares have been on a steady upward trajectory since early December, hitting a 52-week high only last week and coming within striking distance of an all-time peak. Five analysts surveyed by Zacks expected $2.2 billion. The company said global net orders for the two vehicles combined grew 49% year over year. Investors are highly bullish on the company's growth prospects.

In a statement posted in February 2014, Tesla has indicated that the Gigafactory will drive down the cost of its battery pack by more than 30 percent. Until Tesla's new products have the opportunity to prove themselves-the Model 3 foremost among them-uncertainty remains.

The vehicle maker said it lost 69 cents a share on revenue of $2.29 billion. That's the most pessimistic view from Wall Street since Tesla became a publicly traded company seven years ago. By now, Tesla has sold something close to 110,000 cars in the U.S. That number should reach 135,000 by the end of the second quarter, based on the company's own forecasts for sales in 2017. There are now 13 brokerage firms covering Tesla Motors, Inc., offering earnings per share estimates as well as future price target projections.

Tesla is betting on exponential growth curves that result in widespread adoption of electric cars, massive battery stations to back up the world's electric grids, new glass solar shingles for rooftop power production, and autonomous cars for ride-sharing fleets. Overall, the share price is up 29.81% so far this year.

The confirmation for the vehicle Tesla plans to sell for close to $35,000 before incentives lends credence to Musk's ability to deliver for investors who have bid up the market value of the 14-year-old company to rival automakers that have been around more than a century and sell millions of cars a year.

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