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Tesla Motors, Inc. (TSLA) is scheduled to report its Q2 2012 results on July 25, 2012, after the bell. The street expects EPS and revenue of ($0.93) loss and $30.65M, respectively.

In this article I will recap the historical results of the company, its latest EPS estimates vs. surprises, the latest news from TSLA and the news from its closest competitors.

Tesla Motors, Inc. Revenue and Net Income History

Recent EPS Actuals vs. Estimates

The company has failed to meet analysts' estimates in the last two quarters. In the last quarter it reported ($0.76) loss per share, failing to meet analyst estimates of ($0.69) loss.

Tesla Motors, Inc. EPS Historical Results vs Estimates

The consensus EPS estimate is ($0.93) loss based on 11 analysts' estimates, down from ($0.53) loss a year ago. Revenue estimates are $30.65M, down from $58.17M a year ago. The median target price by analysts for the stock is $40.00.

Average recommendation: Overweight

Source: Marketwatch

Analyst Upgrades and Downgrades

  • On July 17, 2012, Wunderlich downgraded the company from Buy to Sell.
  • On May 21, 2012, Maxim Group initiated Buy rating for the company.
  • On March 25, 2012, Wunderlich upgraded the company from Hold to Buy.
  • On February 16, 2012, Needham reiterated Buy rating for the company.

Latest News

  • On June 22, 2012, Tesla Motors delivered Model S, the world's first premium electric sedan, to its first customers at an invitation-only event at the Tesla Factory in Fremont, California today. These deliveries put Model S on the road approximately one month earlier than previously announced and places the company in a good position to build 5,000 cars by the end of 2012, followed by 20,000 cars in 2013.
  • On June 21, 2012, Tesla Motors and Wells Fargo (WFC) are working together to provide competitive retail financing options to Model S reservation holders in the United States, increasing the number of ways a customer can purchase Model S, the world's first premium electric sedan. While the relationship is not exclusive, Wells Fargo is the first financial institution to back financing for the Model S.
  • On May 24, 2012, Tesla Motors is growing its network of retail stores across the United States in preparation for deliveries of Model S, the world's first premium electric sedan. This Friday, Tesla will open its first U.S. store of the year at The Westchester shopping center in White Plains, New York.
  • On May 22, 2012, Tesla Motors will begin delivering Model S, the world's first premium electric sedan, to customers on June 22nd. Several customers will receive their cars that day at an invitation-only event at the Tesla Factory in Fremont, California. In its Q1 financial results communicated earlier this month, Tesla announced Model S would begin deliveries ahead of the July timeframe originally communicated.
  • On March 6, 2012, Tesla Motors and Athlon Car Lease announced an agreement today to introduce Model S, Tesla's premium electric sedan, into corporate fleets across Europe. Athlon Car Lease has also reserved 150 Model S sedans to ensure early availability of Model S for its customers. This is the first Model S fleet reservation made worldwide by a leasing company.

Competitors

Ford Motor (F), General Motors (GM), Honda Motor (HMC), Toyota (TM), and Tata Motors (TTM) are considered major competitors for Tesla Motors and the table below provides the key metrics for these companies and the industry.

Tesla Motors, Inc. key ratio comparison with direct competitors

The chart below compares the stock price changes as a percentage for the selected companies for the last one year period.

(click to enlarge)TSLA Chart

TSLA data by YCharts

Competitors' Latest Development

  • On July 23, 2012, Peugeot SA (PSA Peugeot Citroen) and Toyota Motor Europe NV/SA announced a new agreement on light commercial vehicles for the European market. Under the plan, PSA Peugeot Citroën is to supply Toyota with light commercial vehicles for sale in Europe under the Toyota brand.
  • On July 19, 2012, Reuters reported that Ford Motor Co told owners to stop driving 2013 model Ford Escape with 1.6-liter engines immediately due to the risk of an engine fire.
  • On July 19, 2012, Dow Jones reported that Honda Motor Co Ltd is recalling more than 320,000 vehicles worldwide because of a door lock defect. The faulty locks could allow the vehicles' doors to open unexpectedly, adding that its recall was for the 2012 CR-V sports utility vehicle and 2013 Acura ILX sedan.
  • On July 18, 2012, Law Offices of Howard G. Smith announced that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of a class comprising all persons who purchased the common stock of General Motors Company (GM or the Company) pursuant and/or traceable to the Company's November 18, 2010 initial public offering (the IPO), seeking to pursue remedies under the Securities Act of 1933.
  • On July 17, 2012, Reuters reported that Ford Motor Company's Australian unit will announced plans to cut up to 440 jobs at two production plants in Melbourne and nearby Geelong in Victoria state.
  • On July 16, 2012, Reuters reported that Ford Motor Company is recalling some of its recently launched 2013 Escape compact sport-utility vehicles because a carpeting flaw may cause drivers to apply the brakes improperly, increasing stopping distances and the risk of crashes.
  • On July 16, 2012, The Economic Times reported that Tata Motors Limited is in talks with Brazilian authorities about setting up a plant to assemble Jaguar Land Rover's (JLR) Freelander four-by-fours.
  • On July 14, 2012, Faruqi & Faruqi, LLP, a national securities law firm, announced that it is investigating potential securities fraud at General Motors Co. The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) GM was predicting revenue based on production rather than actual sales; (2) the Company falsely assured investors that it was actively managing its production by monitoring its dealer inventory levels; and (3) the Company assured investors that its inventory management would improve in 2011, which would improve average transaction price.
  • On July 14, 2012, Ryan & Maniskas, LLP announced it has filed a class action lawsuit in the United States District Court for the Southern District of New York on behalf of all persons or entities who purchased the common stock of General Motors Co pursuant and/or traceable to the Company's November 18, 2010 Initial Public Offering (the IPO).
  • On July 12, 2012, Ford Motor Company announced that it has declared a third quarter dividend of $0.05 per share on the Company's Class B and common stock. This is the same level of dividend paid in the first and second quarters of 2012.
  • On July 12, 2012, Glancy Binkow & Goldberg LLP announced that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities who purchased the common stock of General Motors Co pursuant and/or traceable to the Company's November 18, 2010 initial public offering (the IPO), seeking to pursue remedies under the Securities Act of 1933.
  • On July 12, 2012, Stewarts Law US LLP announced it has filed a class action lawsuit in the United States District Court for the Southern District of New York on behalf of all persons or entities who purchased the common stock of General Motors Co pursuant and/or traceable to the Company's November 18, 2010 Initial Public Offering (the IPO), alleging violations of the Securities Act of 1933 (the Complaint).
  • On July 5, 2012, Dow Jones reported that General Motors Co's South Korean unit will stage industrial action on three days next week after wage talks with the company broke down, the union's spokesman said on Thursday.
  • On July 4, 2012, Dow Jones reported that German competition authorities is examining the global alliance between General Motors Co, which owns the German Opel brand, and France's PSA Peugeot Citroen.
  • On July 2, 2012, Peugeot SA (PSA Peugeot Citroen) and General Motors Co announced that they have reached a long-term, exclusive agreement to transfer the majority of GM's logistics business in Europe to Gefco, a wholly-owned subsidiary of PSA Peugeot Citroen.
  • On June 29, 2012, Dow Jones reported that Bayerische Motoren Werke AG (BMW) and Toyota Motor Corporation agreed to widen their cooperation projects to fields including lightweight construction, fuel cells and electric drivetrains, underscoring a broad trend in the industry to team up and benefit from economies of scale.
  • On June 27, 2012, Reuters reported that Bayerische Motoren Werke AG (BMW) and Toyota Motor Corp plan to expand a technological partnership. The agreement will be extended to include hybrid powertrains and lightweight design.
  • On June 27, 2012, Dow Jones reported that The Philippine unit of Ford Motor Company said Wednesday that its assembly plant in Santa Rosa, a city just south of Manila, will be shut down by the end of 2012 as part of the U.S. car company's restructuring of regional manufacturing operations.
  • On June 27, 2012, Westport Innovations Inc. announced that it has entered into an additional agreement with General Motors for a second advanced technology development program.
  • On June 25, 2012, Reuters reported that Toyota Motor Corp plans to supply hybrid technology to BMW AG deepening a partnership that began with a deal last December on diesel engines and electric car batteries, the Nikkei business daily reported.
  • On June 23, 2012, Ryan & Maniskas, LLP announced that it has commenced an investigation into potential securities law violations by certain officers of General Motors Company and several underwriting investment banks for possible violations of the federal securities laws in connection with the Company's November 18, 2010 Initial Public Offering (the IPO).
  • On June 19, 2012, Reuters reported that Toyota Motor Corporation will cut its production capacity in Japan by more than 10% from current levels to about 3.1 million units by 2014, continuing to reduce its domestic output.
  • On June 13, 2012, Reuters reported that General Motors' European unit Opel is negotiating a deal with labor unions to close the Bochum plant after production of the Zafira Tourer van ends in exchange for guaranteeing German jobs through 2016.
  • On June 13, 2012, Reuters reported that Honda Motor Co Ltd said it will recall about 50,000 Civic small cars in the United States from the 2012 model year for a potential driveshaft assembly issue that could lead to loss of engine power.
  • On June 13, 2012, Tata Motors Limited announced that the Register of Members & Share Transfer Books of the Company will remain closed from July 20, 2012, to August 10, 2012, (both days inclusive) for the purpose of payment of dividend.
  • On June 5, 2012, The Coca-Cola Company, Ford Motor Company, H.J. Heinz Company, NIKE, Inc. and Procter & Gamble announced the formation of the Plant PET Technology Collaborative (PTC), a strategic working group focused on accelerating the development and use of 100% plant-based PET materials and fiber in their products.
  • On June 2, 2012, Reuters reported that General Motors Co said that it expects to shut down an assembly line employing about 2,000 workers at its Oshawa, Ontario plant by June 1, 2013.
  • On May 30, 2012, Dow Jones reported that Ford Motor Company has agreed to sell one of its two remaining auto-parts plants, moving it one step closer to completing its global restructuring plan.
  • On May 3, 2012, Ford Motor Company and Automotive Components Holdings, LLC (ACH) announced the signing of definitive agreements with Faurecia for the sale of the automotive interior trim components business, which is ACH's only operation at its plant in Saline.
  • On May 2, 2012, Reuters reported that General Motors Co first proposed taking a controlling stake of more than one-third in Isuzu Motors Limited - an investment worth some $3 billion - but is now seeking a smaller holding after the Japanese truck maker said it wanted to remain independent, a person with direct knowledge of the talks said.
  • On April 27, 2012, Ford Motor Company announced that it continues to expect solid results for fiscal 2012, with total company pre-tax operating profits about equal to fiscal 2011.

Technical Overview


The stock has a market capitalization of $3.34B and is currently trading at $31.79 with a 52 week range of $21.50 - $39.95. The stock's year-to-date performance has been 11.31%. It is currently trading above 50 and 200 SMA, but below 20 SMA.

Sources: Yahoo Finance, Google Finance, Marketwatch, Finviz, Reuters.

Source: Tesla Motors Reports Q2 Earnings July 25