TSLA Reports Earnings Today After Bell

Tesla Motors, Inc. (TSLA) designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components.  TSLA is currently trading around $234.80 in a 52 week range of $116.10 – 291.42. The company’s stock has been outperforming the NASDAQ this year with shares increasing 56.03% year to date, however shares have traded down 1.58% in the last 3 months.

Tesla is scheduled to announce Q3 2014 earnings report after market on Wednesday, November 5th.  Analysts’ expect that Tesla will report -$0.01 EPS on a Non-GAAP basis with $889.3 million in total revenue. During the same quarter last year, the company posted $0.12 EPS and $602.6 million in total revenue, considerably coming out ahead of analysts’ expectations. Stifel Nicolaus published a bullish report, upgrading shares to Buy with a $400 price target. The analysts stated that they find it reasonable to see the company achieving a run rate of 1,000 units per week by the end of 2014. Analysts at Goldman Sachs separately said that they believe Tesla will need another $6 billion in capital through 2025.

Looking at the company’s earnings history, TSLA has traded bullish 5 of the last 8 quarters. On average, the stock has moved about 11.9% in the last 8 quarters as a result of earnings releases.  This earnings season, market makers are implying about a +- 9.6% move in the stock for the November 7 option chain. TSLA is currently trading under the Ichimoku Cloud on the daily chart, and has been trading in neutral territory since late March.