NEW YORK (TheStreet) --Tesla (TSLA) - Get Report will report its 2016 third-quarter earnings after the market close on Wednesday and analysts expect revenue of $2.20 billion and a loss of 22 cents per share, according to a survey by FactSet. Bloomberg News reporter Dana Hull discussed Wall Street's expectations for the electric vehicles manufacturer's results.
"Tesla has growing ambitions to move beyond clean transportation to clean energy. They have a lot on their plate," Hull said during Wednesday afternoon's "Bloomberg Markets: Americas."
The Model 3 production figures, updates on a Gigafactory being built in Nevada and its attempt to acquire SolarCity (SCTY) are among the key points expected to be addressed.
"All of that undoubtedly requires a fair amount of capital, but Musk says that they're not going to need to raise money this quarter, and the question becomes when they will need to raise money," Hull asked.
Additionally, she believes this report will be more "challenging" for investors to digest as Tesla is phasing out its non-GAAP revenue.
"We note that starting in Q3, our quarterly financial releases will no longer include non-GAAP revenue and related financial metrics resulting from vehicles leased through our banking partners or that include resale value guarantees. We will, however, continue to provide additional supplemental information to investors to provide insights into our business," Tesla said in a statement.
Along with the elimination of non-GAAP revenue, analysts will also pay close attention to the company's free cash flow and cash balance on hand, Hull noted.
Shares of Tesla were lower in early-afternoon trading on Wednesday.
Separately, TheStreet Ratings team rates the stock as a "sell" with a ratings score of D+.
Tesla's weaknesses include its deteriorating net income, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.
You can view the full analysis from the report here: TSLA
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.