The electric car company will probably report record electric Model S deliveries in the quarter after it accelerated output and began shipping its flagship sedan to China and the U.K., Bloomberg said.
The company is projected to say tomorrow that it delivered a best-ever 7,546 Model S sedans in the period that ended June 30, the average of eight analysts' estimates compiled by Bloomberg.
Must Read: Warren Buffett's 25 Favorite StocksSTOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. That would be a 47% increase from a year ago and slightly ahead of Tesla's forecast of 7,500. Earnings are predicted to be 4.5 cents per share, excluding some items, the average of 11 estimates, down from an adjusted 20 cents per share a year ago,Bloomberg noted. The company, which reported only one profitable quarter on the basis of generally accepted accounting principle (GAAP), probably had a net loss of $34.1 million, or 27 cents per share on that basis, the average of six estimates compiled by Bloomberg. TheStreet Ratings team rates TESLA MOTORS INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation: "We rate TESLA MOTORS INC (TSLA) a HOLD. The primary factors that have impacted our rating are mixed ? some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and poor profit margins."
Must Read: Warren Buffett's 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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