Wednesday, February 11, 2015

LIVE: Tesla earnings! - Business Insider

Elon MuskBill Pugliano / GettyTesla CEO Elon Musk.

Tesla will report fourth-quarter earnings at 5 p.m. ET on Wednesday, after the markets close.

We'll update this post when the numbers hit.

Analysts expect Tesla to generate $1.22 billion in revenue and earn $0.32 per share, according to Bloomberg.

But the number that everyone will really be paying attention to is how many cars Tesla delivered.

The electric car-maker originally said that it would deliver 35,000 cars for all of 2014, but later downgraded that to 33,000. It guided for 11,200 deliveries in the fourth quarter, but Bloomberg estimated that it will fall short of that at 10,832.

A big question is whether demand is weakening for Tesla's Model S sedan, currently the only car the company sells. On Tuesday, Reuters reported that Tesla sold only 120 cars in China in January, a significant drop from a 500-per-month average in a major growth market for the carmaker.

Citing an internal memo, Reuters reported that Tesla CEO Elon Musk was putting China managers on notice for disappointing results in the region.

Tesla shares traded down slightly on Wednesday, below the Wednesday close of $216.

In 2015, shares have been well off their 2014 peak of $291.

Analysts who cover the stock have widely varying target prices, ranging from $65 at Bank of America to $400 at Stifel Nicolaus.

TSLA Chart 2/11/15Yahoo Finance

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