Tesla Inc (NASDAQ:TSLA) managed to surge before its much-anticipated earnings report, with investor sentiment remaining greatly positive rolling into February, as opposed to what the market anticipated a couple of months ago.
Furthermore, the auto-tech giant is looking to enter a new market, after its all-Tesla racing series received the green light from the Federation Internationale de I’Automobile, or FIA. This is great news considering that just a couple of weeks ago, one of the biggest luxury and all-racing automaker, Ferrari (NYSE:RACE), announced it is looking to create an all-racing EV as well.
Quarter Expectations
Looking at what to expect on Tesla’s report, the company forecasts a total of $3.04 adjusted loss per share on sales of $3.3 billion for their previous quarter. These are great figures compared to last year’s expectations.
An analyst from Barron's noted: “We think shares will react favorably if the company guides to more than 10,000 Model 3 deliveries in the first quarter of 2018. Additionally, we believe Tesla can fund the Model 3 ramp without raising additional capital, but think a raise would remove an additional overhang.”
More Information
Overall, Tesla has been competitively surging, despite the many problems and conundrums that the company has been facing recently. The auto company’s shares managed to hit a massive 3% increase last week, and a massive 14% from a year-to-date perspective. The shares of the company managed to gain a total of 42% over the past 12 months.
The group managed to create better opportunities in the last quarter despite some shipment problem. Model S and Model X managed to create a significant wave in the market, with the latter hitting a massive 100,000 car deliveries.
Tesla Truck Information
Furthermore, most analysts are expecting the company to clinch a solid year in 2018, alongside a strong quarterly report, as they forecast the firm will regain yet more ground after experiencing performance slumps due to production problems and funding issues over the past few months.
According to reports, the company is also looking to partner with Anheuser-Busch (NYSE:BUD), PepsiCo (NASDAQ:PEP) and United Parcel Service Inc (NYSE:UPS) to build on-site charging terminals for its upcoming all-electric semi-truck, looking to boost efficiency at their facilities.