logo
Share SHARE
FONT-SIZE Plus   Neg

Tesla Motors Q3 Loss Widens - Quick Facts

Tesla Motors, Inc. (TSLA) released its third quarter 2012 financial results. Net loss widened to $110.80 million from $65.08 million last year. Net loss per share was $1.05 compared to a loss of $0.63 prior year. Total revenues decreased to $50.10 million from $57.67 million last year.

Adjusted net loss per share was $0.92 for the quarter. Analysts polled by Thomson Reuters expected the company to report a loss of $0.90 per share on revenue of $48.29 million for the quarter. Analysts' estimates typically exclude special items.

The company said gross margin was negative 17%, in line with previous guidance, primarily because the cost of automotive sales reflects the full burden of operating Tesla factory allocated over a limited number of vehicles produced, along with launch-related variable cost inefficiencies.

The company maintained its 2012 revenue guidance of $400 million-$440 million. Towards the end of the quarter, the company expect to achieve
positive free cash flow in spite of short term cost inefficiencies.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Best Buy Co., Inc. (BBY) reported first-quarter non-GAAP earnings per share from continuing operations of $0.44, an increase of 19% from $0.37, a year ago. On average, 21 analysts polled by Thomson Reuters expected the company to report profit per share of $0.35 for the quarter. Analysts' estimates typically... Automotive parts retailer AutoZone, Inc. on Tuesday reported a 6 percent increase in profit for the third quarter from last year, reflecting growth in sales and higher inventory on new store openings. However, both revenue and earnings per share for the quarter missed analysts' expectations. Toll Brothers, Inc. (TOL), the nation's leading builder of luxury homes, reported second-quarter net income of $89.1 million, or $0.51 per share, compared to $67.9 million, or $0.37 per share, prior year. Pre-tax income increased to $140.4 million from $86.5 million. On average, 18 analysts polled by...
comments powered by Disqus
Follow RTT