Tesla (TSLA) Stock Sputters, Key Metrics in Focus For Q1 Results

NEW YORK (TheStreet) -- Tesla Motors (TSLA) - Get Report  stock is tumbling 3.09% to $234.32 on Tuesday morning ahead of the electric car maker's 2016 first quarter financial results set to be released on Wednesday after the closing bell. 

Year-over-year, quarterly loss is projected to widen while sales are anticipated to increase. 

For the recent period, Wall Street is expecting the company to post a loss of 58 cents a share on revenue of $1.6 billion. The year prior, the company reported a loss of 36 cents a share on revenue of $1.1 billion. 

Last month, the company reported disappointing first-quarter deliveries, which were 1,180 lower than expected due to issues regarding the Model X launch and sales of Model S not keeping pace with the fourth quarter of 2015. 

The company did say it's on track for its annual Model X sales goal of 80,000 to 90,000 vehicles for this year. 

Also in focus is an update on Model 3 reservations, as the company began taking reservations for the mass-market electric sedan in late March.

Overall, investors will be waiting for updates on the company's goal to be profitable by the end of the year and become net cash flow positive for 2016, MarketWatch reports.

Separately, TheStreet Ratings currently has a "Sell" rating on the stock with a letter grade of D+.

The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, poor profit margins and feeble growth in its earnings per share.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.

You can view the full analysis from the report here: TSLA