NEW YORK (TheStreet) -- Tesla Motors (TSLA) is scheduled to report first quarter earnings after the market close on Wednesday, May 6, with a conference call scheduled for 5:30 pm EDT. Tesla designs, manufactures and sells electric vehicles, including its flagship Model S.
EXPECTATIONS: Analysts are looking for losses per share of (50c) on revenue of $1.04B, according to First Call. The consensus range for EPS is (77c)-(19c) on revenue of $947.9M-$1.14B. With its last report, Tesla guided to Q1 production of about 10,000 vehicles. On April 3, Tesla said it delivered 10,030 cars in Q1, which it noted "is a new company record for the most deliveries in a quarter and represents a 55% increase over Q1 last year." Going forward, Tesla will publish the number of new car deliveries within three days of quarter end. It stated, "We have decided to take this approach, because inaccurate sources of information are sometimes used by others to project the number of vehicle deliveries."
LAST QUARTER: On February 11, Tesla reported fourth quarter adjusted losses per share of (13c), against estimates for a 31c per share gain. The company reported adjusted revenue of $1.1B, versus the consensus forecast of $1.23B. The company reported Q4 production of 11,627 vehicles. Tesla said at the time that about 1,400 vehicles slipped in December and delivered in Q1 instead, citing shipping problems and bad weather. The company noted that its Q4 results reflected the delivery shortfall and the impact of the strong U.S. dollar.