Tesla Motors Inc (TSLA) Stock Increases Ahead Of Q3 Earnings

Posted Nov 4, 2013

Tesla Motors Inc (NASDAQ:TSLA) stock increased today, ahead of tomorrow’s third quarter earnings.  Why?  Tesla Motors Inc (NASDAQ:TSLA) told investors that they were planning to deliver slightly more than 5,000 units of the all-electric Model S sedan for the third quarter.  Tesla Motors Inc (NASDAQ:TSLA) stock jumped 8% and closed at $175.20.

This will be the first time that Tesla Motors Inc (NASDAQ:TSLA) reports the sales of the Model S in Europe.  The Model S has performed very well in Norway especially.  Around 616 Model S vehicles were delivered to Norway in September.  Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk also flew to Germany to promote the company there and announce that they will be increasing the number of Superchargers in the country.

Tesla Motors Inc (NASDAQ:TSLA) currently builds 500 cars per week at the company’s manufacturing facility in Fremont, California.  Earlier this year, Tesla Motors Inc (NASDAQ:TSLA) forecasted 21,000 vehicles in 2013.  This number could deliver well over that number this year.  However, Tesla Motors Inc (NASDAQ:TSLA) has limitations due to supplier bottlenecks.  Tesla Motors Inc (NASDAQ:TSLA) increased their business with Panasonic as a result.

Tesla Motors Inc (NASDAQ:TSLA) also generates revenue by selling Zero Emission Vehicles (ZEV) credits to other automakers.  In the second quarter, ZEV accounted for $51 million of Tesla Motors Inc (NASDAQ:TSLA) revenue.

Stay tuned to Pulse 2.0 as we will be covering the Tesla Motors Inc (NASDAQ:TSLA) financial results tomorrow.