Why Tesla Motors (TSLA) Stock Is Down Today

NEW YORK (TheStreet) -- Shares of Tesla Motors Inc.  (TSLA) are down -3.57% to $199.98. The electric vehicle manufacturer reports 2014 first quarter earnings results after today's market close. 

The company could report earnings of 7 cents per share, excluding some items, according to the average of 10 analysts' estimates compiled by Bloomberg.

A year ago Tesla earned 12 cents per share on the same basis, its first ever profit, helped by a surge in California zero-emission vehicle credit sales and savings from the early repayment of a federal loan, Bloomberg noted.

Analysts project a loss on a GAAP basis.

Revenue may reach a record $704.5 million, the average estimate of 10 analysts surveyed by Bloomberg, up 25% from $561.8 million a year ago.

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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 robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's profit margins have been poor overall."

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