Shares of Tesla have been on a huge run so far this year, up 48%. The stock reached an all time high this week of $The electric vehicle manufacturer is set to report earnings May 3 after the closing bell.
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Here's what Wall Street's going to be looking for in Tesla's results (TSLA)
The electric vehicle manufacturer is set to report earnings May 3 after the closing bell.
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Analysts are expected to looks past the earnings and cash burn numbers to any updates on production of the highly anticipated Model 3. The Tesla Model 3 is marketed as mass production, affordable electric vehicle priced at $35,000. Production is set to begin by the second half of 2017 and investors will be looking for signs that the company is on track.
As for vehicle deliveries, Tesla just had its biggest quarter ever. In this years first quarter, Tesla 25,000 vehicles. Sales of the Model X, Tesla's SUV, rose 37%.
According to Bloomberg, analysts expect Tesla to lose an adjusted $.868 per share on revenue of $2.592 billion.
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Tesla has beaten earnings and revenue estimates five of the last eight quarters.
According to Bloomberg, of the 25 analysts who cover the stock, 10 have a "Buy" rating, nine have a "Hold" rating, and six have a "Sell" rating. The average analyst price target is $276.64.
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