Here come Tesla earnings ...

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Here come Tesla earnings ...

elon musk

Reuters/Mike Blake

Elon Musk at SpaceX Hyperloop Pod II competition in Hawthorne, California

Tesla is set to report third-quarter earnings after the closing bell on Wednesday.

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Here's what analysts forecast, according to Bloomberg:

  • Adjusted loss per share: -$2.23
  • Revenue: $2.39 billion
  • Free cash flow: -$1.7 billion

Analysts will be watching the earnings statement and call for details on how Model 3 production is going. Tesla delivered only 260 of its newest vehicle in September, well short of its forecast for 1,500. It's not unusual for Tesla to miss its production targets.

They'll also be watching for whether Tesla issues another capital raise in addition to the billions in equity and debt it's issued over the past two years to fund the Model 3 launch.

In the second quarter, Tesla's cash burn hit a record as it prepared to unveil its Model 3 sedan. Analysts forecast a second-straight quarter of record cash burn, and the company's cash situation could remain in the red until revenues from over 400,000 Model 3 preorders begin to come in.

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Tesla's stock has surged 51% this year, and its market cap has at some point surpassed that of older rivals including Ford, Fiat Chrysler Automobiles, and General Motors. The stock fell 3% on Wednesday ahead of the earnings release.

More to come, refresh this page for updates.

Get the latest Tesla stock price here.