Tesla Motors Earnings: Beats Profit Estimate, Short on Revenue

Tesla Motors Inc. (NASDAQ:TSLA) reported its results for the second quarter. Tesla Motors designs, develops, manufactures and sells high-performance fully electric vehicles and advanced electric vehicle powertrain components.

Investing Insights: Is TV the Next Bullish Catalyst for Apple’s Stock?

Tesla Motors Inc. Earnings Cheat Sheet

Results: Loss widened to $105.6 million ($1 per diluted share) from $58.9 million (loss of 60 cents per share) in the same quarter a year earlier.

Revenue: Fell 54.2% to $26.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Tesla Motors Inc. beat the mean analyst estimate of a loss of $1.03 per share. It fell short of the average revenue estimate of $30.6 million.

Quoting Management: CEO of Tesla Motors Elon Musk closed his shareholder letter with a bright outlook for the company. “We are thrilled that our customers, investors and the media have now had a chance to see for themselves just how compelling Model S is. We are also excited to have delivered the first group of Model S cars. We continue to focus on our long term goals of increasing quality production of the Model S so that we can achieve all of our goals to deliver on our volume, cash flow and profitability commitments.”

Key Stats:

The company trumped estimates last quarter after falling shy in the two quarters prior. In the first quarter, it missed the mark by 8 cents, and in the fourth quarter of the last fiscal year, it came in under estimates by 9 cents.

Revenue has fallen in the past two quarters. In the first quarter, revenue declined 38.5% to $30.2 million from the year-earlier quarter.

Looking Forward: Analysts seem more negative about the company’s results for the next quarter than ninety days ago. The average estimate for the third quarter has moved from a loss of 65 cents a share to a loss of 75 cents over the last ninety days. The average estimate for the fiscal year has reached a loss of $2.85 per share, down from a loss of $2.40 ninety days ago.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

Don’t Miss These Additional Hot Stories:

Here’s The Top 10 Companies DOMINATING Web Traffic This Summer>>

SILVER: A Metal of Sunken Treasure and Champions>>

Is Cisco Systems Stock a BUY or SELL?

More from The Cheat Sheet