Just last week, Tesla Inc. (NASDAQ:$TSLA) made the first deliveries of its Model 3 vehicle. And today, the Palo Alto, California-based company is set to report its second quarter earnings after the closing bell. As per usual, following the release of the results, Tesla’s management team will hold a conference call at 2:30 p.m Pacific Time, or 5:30 p.m. Eastern Time.
As we approach the earnings report, it’s fair to say most investors will be monitoring Tesla’s position going into its 6-month ramp up plan, which CEO Elon Musk described as “production hell.”
Tesla Delivery Number
This won’t shock investors too much, as Tesla already announced their delivery numbers for the last quarter: The company delivered 22,000 vehicles. For the first half of the year, Tesla had been guiding a delivery goal of 47,000 and 50,000 vehicles. Once Tesla delivered 25,051 vehicles during Q1, the company pushed deliveries to “approximately 47,100.”
Now this might represent a quarter-to-quarter decrease, but it is also a 53% increase over deliveries during the same period in 2016. Additionally, both the Model S and X deliveries were higher than during Q2 of 2016.
Keep in mind that Tesla tends to adjust those numbers marginally during the earnings results.
Tesla Revenue
According to Wall Street, Tesla is expected to report revenue of $2.548 billion for the quarter. Further, financial estimate crowdsourcing website Estimize forecasts similar results: $2.599 billion in revenue.
This is significant as it is a decrease on the results quarter-to-quarter from Tesla’s revenue of $2.696 billion during the last quarter. However, it is a considerable increase year-over-year from $1.563 billion in revenue in quarter two of 2016.
It’s worth noting that Tesla seems to be on a good streak as of late. In fact, the company has beat revenue expectations every quarter for the past four quarters.
Tesla Earnings
For the quarter, earnings per share is expected to fall drastically.
Similar to revenue, the expectations are close for both the street and retail investors. While Wall Street expects a loss of $1.94 per share, Estimize predicts a loss of $1.81 per share.
Below is a graph that illustrates earnings per share over the last 2 years. Note the following: Estimize estimates are in blue, Wall Street consensus is in grey, and the actual results are in green.
Taking into consideration the fact that last quarter was a huge miss and this quarter, with deliveries being down and the company investing heavily in Model 3 output, could result in a crucial loss.
Featured Image: twitter
