Tesla Motors Earnings: Here’s Why Investors are Excited Now

Tesla Motors, Inc. (NASDAQ:TSLA) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 12.59%.

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Tesla Motors, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $0.12 in the quarter versus EPS of $-0.76 in the year-earlier quarter.

Revenue: Rose 1762.78% to $562 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Tesla Motors, Inc. reported adjusted EPS income of $0.12 per share. By that measure, the company beat the mean analyst estimate of $0.04. It beat the average revenue estimate of $492.02 million.

Quoting Management: Tesla reached profitability in the first quarter of 2013 for the first time in our ten year history. We exceeded our own targets for deliveries, significantly expanded gross margin, and improved execution throughout the company. Excluding non-cash warrant and stock option items, we generated a profit of $15 million. Including those factors, our GAAP profit was $11 million. Importantly, we achieved profitability despite the benefit of a one-time accounting gain related to the DOE warrant,” commented Elon Musk, Chairman & CEO, along with Deepak Ahuja, Chief Financial Officer.

Key Stats (on next page)…

Revenue increased 83.46% from $306.33 million in the previous quarter. EPS increased to $0.12 in the quarter versus EPS of $-0.65 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a loss of $0.02 to $0. For the current year, the average estimate has moved down from a profit of $0.14 to a profit of $0.13 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)