Tesla is set to release its third quarter 2015 financial results tomorrow. The company already confirmed record deliveries of 11,580 cars globally from July to September and it marked the very first quarter with deliveries of two different models: the Tesla Model S and Model X.
The Model S remains Tesla’s main source of revenue – meaning there shouldn’t be too much of a surprise on the revenue side, but let’s take a look at what to expect in numbers: Wall Street’s revenue consensus is $1.21 billion for the quarter, while Estimize, the financial estimate crowdsourcing website, predicts $1.23 billion in revenue.
Here’s the website’s predictions for Tesla’s revenue over the past 2 years – Estimize predictions in blue – Wall Street consensus in grey – Actual results in green:
As for earnings per share, or rather loss per share, the Wall Street consensus is a loss of $0.53 for the quarter, while Estimize’s prediction is a loss of $0.49 per share.
Earnings per share over the last 2 years – Estimize predictions in blue – Wall Street consensus in grey – Actual results in green:
Alongside financial data, shareholders are also expecting several updates regarding the ramp-up of the Model X, early deliveries of energy storage products and maybe a report on the company’s trial period of the referral program.
Tesla will release the results after market close on Tuesday, November 3, 2015 and management will hold a conference call with Q&A at 2:30pm Pacific Time (5:30pm Eastern Time).
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