Tesla (TSLA) Misses Q3 EPS by 2c; Delivered 11,603 Vehicles
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November 4, 2015 9:01 AM EST
Pacific Crest maintained a Sector Weight rating on Tesla Motors (NASDAQ: TSLA). Analyst Brad Erickson described the company's outlook as better-than-feared, but he remains cautious given soft Model X reservations and risk around its production ramp.
"Lowered delivery forecast is better than feared, but plenty of risk remains," said Erickson. "Consistent with our expectations, the company lowered its 2015 delivery outlook by 1,500 cars at the midpoint and saw a sequential reduction in R&D for the first time in over a... More
November 4, 2015 6:56 AM EST
Baird analyst, Ben Kallo, published an earnings recap on Tesla (NASDAQ: TSLA) which highlighted slow but building momentum. The stock had sold off so aggressively that a small reduction in estimates was baked in and the revenue upside, rosy outlook and management additions increased investors comfort with the name.
TSLA reported non-GAAP revenue of $1,244M vs.... More
November 3, 2015 5:37 PM EST
Tesla (NASDAQ: TSLA) CEO Elon Musk said Jason Wheeler will be the company's new CFO, according to today's conference call.
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