By the end of the current fiscal year, earnings per share are predicted to hit 54 cents on over $6.5 billion in revenue.
Tesla (TSLA) shares are off 2.23% as the admired electric vehicle has seen some recent bad press.
According to a Barron's article, the innovative automobile may not be capable of generating sustained demand. Bill Alpert wonders if "Tesla's stock market fans are viewing its prospects through 3D glasses."
With future releases, CEO Elon Musk looks to chop the $90,000 price tag in half. This may be overly hopeful, as electric batteries -- the basis of Tesla's success -- are achingly expensive. Unless there are leaps and bounds in battery technology, Tesla shares may lack longevity.Alpert also notes that the rise of Tesla was partly due to early doubt. Investors with low expectations sold more than a third of free-trading Tesla shares short. However, "This fuel seems spent, for the moment," says Alpert. Tesla has been one of the most impressive stocks on the market this year. Shares have skyrocketed 159.68% in the last three months. However, the company's 52-week high of $114.9 has slowly slid back to $100.09 in the last few days. If the slandering continues, this stock may continue to see a steady drop. -- Written by David Webster in New York >Contact by Email. Follow @thedavidwebster
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