Tesla Motors Earnings Cheat Sheet: Loss Widens but Beats Estimates

Tesla Motors’ (NASDAQ:TSLA) loss widened in the third quarter, as the company’s results were dragged down by higher costs. Tesla Motors designs, develops, manufactures and sells high-performance fully electric vehicles and advanced electric vehicle powertrain components.

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Tesla Motors Earnings Cheat Sheet for the Third Quarter

Results: Loss widened to $65.1 million (63 cents per diluted share) from $34.9 million (loss of 38 cents per share) in the same quarter a year earlier.

Revenue: Rose 84.6% to $57.7 million from the year earlier quarter.

Actual vs. Wall St. Expectations: TSLA reported an adjusted net loss of 55 cents per share. By that measure, the company beat the mean analyst estimate of a loss of 66 cents per share. It beat the average revenue estimate of $47.3 million.

Key Stats:

The company topped expectations last quarter after falling short of forecasts in the second quarter with a loss of 60 cents versus a mean estimate of a loss of 55 cents per share.

Looking Forward: For the next quarter, analysts are increasingly pessimistic about the company’s performance. The average estimates for the fourth quarter is at a loss of 69 cents per share, down from 58 cents ninety days ago. For the fiscal year, the average estimate has moved from a loss of $2.19 a share to a loss of $2.48 over the last ninety days.

Competitors to Watch: Toyota Motor Corp. (NYSE:TM), HONDA MOTOR CO., LTD. (NYSE:HMC), General Motors Company (NYSE:GM), Ford Motor Company (NYSE:F), Electric Car Company, Inc. (ELCR), Tata Motors Limited (NYSE:TTM), Spartan Motors, Inc. (NASDAQ:SPAR), and Federal Signal Corporation (NYSE:FSS).

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(Source: Xignite Financials)