Back to top

Image: Bigstock

Tesla, Inc.

Read MoreHide Full Article

In first-quarter 2018, Tesla incurred an adjusted loss of $3.35 per share, narrower than the Zacks Consensus Estimate of the loss of $3.37. The company reported loss of $1.33 per share in the prior-year quarter. During the quarter, revenues also surpassed the Zacks Consensus Estimate. Tesla produced 34,494 vehicles in first-quarter 2018, up 40% sequentially. This happens to be the most productive quarter its history. The company continues to target weekly Model 3 production rates of 5,000 by July 2018. It is also focused on geographical expansions and acquisitions for growth. The company is rapidly developing a network of superchargers. However, high research and development costs, low number of chargers and high requirement of capital expenditure are some headwinds. Also, the issue of recall is hurting the company.


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Tesla, Inc. (TSLA) - free report >>

Published in