LIVE: Tesla reports earnings
AP Photo/Rich Pedroncelli
It's the first earnings release since shareholders approved the electric-car maker's acquisition of SolarCity - a $2.6 billion deal that merged the two companies CEO Elon Musk oversaw.
For the fourth quarter, the median analyst forecast is for an adjusted loss per share of $1.04, with the most bullish projection at -$0.33, according to Bloomberg. Wall Street is looking for revenues of $2.12 billion.
As Tesla continues to burn through cash and tackle competition, analysts will be parsing the earnings release and call for information on how the company plans to manage its capital.
They'll also be focused on how many cars Tesla plans to build and deliver this year, and the timing of its $35,000 Model 3 launch.
Tesla's stock has been on a tear of late, rising 43% in the three months through Wednesday's market close.
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study
- India legend Yuvraj Singh named ICC Men's T20 World Cup 2024 ambassador
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market