Wall Street waits to see what kind of results Tesla Motors Inc. (NASDAQ:TSLA) will post after the close of today’s trading session. The third-quarter has seen lot of buzz with activities for the giant electric company, seen by the stock moving up and down on huge volumes. TheStreet’s, Jonathan Marino believes that Tesla investors will not be shaken by a poor performance based on the fact that the stock is up by 60% this year.
“Once the market closes we are going to get much-anticipated earnings from Tesla Motors Inc. (NASDAQ:TSLA). The electric car maker looking for losses of penny compared to gains of 12 cents a share year ago, but investors still have solid performance this year to bank on,” said Mr. Marino
Wall Street will want to hear if Tesla Motors Inc. (NASDAQ:TSLA) is in line to fulfill its promise of delivering 35,000 cars in 2014 as earlier promised, a margin that represents a 55% increase from deliveries made in 2013. If Tesla it to succeed in delivering 35,000 cars by the end of the year, and then it will have to ship approximately 13,000 cars in the fourth quarter. CEO, Elon Musk, last week tweeted that September sales hit record highs awaiting to see if the same had any impact on Tesla Motors Inc. (NASDAQ:TSLA)
Analysts expect Tesla Motors Inc. (NASDAQ:TSLA) to post sales amounting to $892 million up by 48% from last year’s same quarter sales of $603 million. Investors will also want to know whether the company is on track to deliver 100,000 cars in 2015. It will also be interesting to see the kind of impact the sluggish global economy and declining oil prices is having on sales.
Separately Time Warner Inc. (NYSE:TWX), which was an acquisition target for Rupert Murdoch posted better than expected Q3 earnings mostly aided by higher subscription fees in the quarter. Revenue for the quarter was up by 3% coming in at $6.2 billion with the company registering an adjusted operating income of $993 million.
Time Warner Inc. (NYSE:TWX) ended the quarter with cash and cash equivalent amounting to $3.21 billion having repurchased 69 million shares for $4.9 billion on a year to date basis.
Andor Capital Management, run by Daniel Benton has 16.27% of its equity portfolio invested in Tesla Motors Inc. (NASDAQ:TSLA), which is comprised of 1.25 million shares.
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