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What to expect from Tesla’s Q1 2018 Financial Report?
Is Tesla’s Time Running Out? Look at the QE for Hints!
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Will Tesla’s Q1 2018 financial results beat, miss, or match the forecasts?
Tesla (TSLA) will be reporting on Wednesday, May 2nd, 2018 after the US market close.
In the period ended April 13th, the number of short sellers of Tesla stock rose nearly 21%, making Tesla the 16th largest short position traded on the Nasdaq.
Traders have been reacting to the fatal accident that occurred in March and the significant problems with Tesla’s Model 3 production, to the point that CEO Elon Musk said he has been sleeping on the factory floor to supervise production.
The success of the Model 3 is seen by many as key to the future success of the company, as this may finally transform Telsa into a mass-market car company;
The Forecast
Together with its financial results for Q1 2018, Tesla will be issuing a brief advisory and holding a Q&A session, which may provide further cues on how the company is keeping up with its ambitious production goals.
Based on the company’s Q1 delivery report, Tesla was 500 units short of its production target of 2,500 Model 3s per week.
Yet the company increased production by 40% compared to Q4 2017 and aims to be profitable by Q3/Q4 2018.
The consensus sees revenue reaching $3.22 billion for Q1 2018, up from $2.70 billion in Q1 2017.
Conversely, the EPS projections are of minus $3.12/share this quarter, up from the previous trimester.
What do you think?
Will traders lose their patience and send the stock lower? Or will the result encourage buying?
