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Wednesday, November 4, 2015

Tesla Motors (TSLA) reported earnings on Tue 3 Nov 2015 (after close)

** charts before earnings **

** charts after earnings **

Tesla Motors Q3 earnings: co lowered delivery guidance, as expected; demand remains strong; Gigafactory ahead of schedule :
  • Q3 financials were roughly in-line.
  • Co lowered FY15 deliveries for the second quarter in a row (to 50-52K from 50-55K), as many had anticipated, due to supplier capacity constraints in ramping production for the Model X SUV.
  • Q4 deliveries are expected to grow 55% QoQ.
  • Tesla expects the supply headwinds to abate and reaffirmed 1600-1800 production and deliveries for the Model S and X in 2016.
  • Since the Model X launch event, order rates have accelerated for both Model S and Model X.
  • Co also said there is strong demand for its Tesla Energy products.
  • Perhaps most importantly, the co is ahead of schedule on the Gigafactotry.
    • Recall that the gigafactory will enable Tesla to produce a mass market Model 3 at scale.
  • Tesla will unveil the design for the Model 3 in late March, 2016.
  • Sentiment on the stock had grown negative due to the Model X production issues and a general conservative view on the co's lofty goals.
  • The $230 area offered resistance in the after hours; the $210 area has provided recent support... 23% of the float is sold short.

since IPO in 2010, monthly chart

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