Tesla is planned to release Financial results of last year and fourth-quarter 2016 on Wednesday, after market close. Investors and analysts, however, aren't alarmed about the numbers because they are more attracted about answers of Elon Musk, Tesla CEO, on his new electric car, Model 3. Trip Chowdry, manager of Global Equities Research LLC lately said that Tesla data of fourth-quarter are still irrelevant.
Tesla: the growth of recent years and the doubts of analysts
Last January, Tesla announced that it had produced about 25 thousands vehicles for the fourth-quarter 2016 with a total of 84 thousands cars in the last year, and an increment of about 64% from 2015.
However, Tesla missed its ambition to produce 28 thousands vehicles in the last quarter. This increase is impressive considering numbers of 2015, but is still nothing compared with next year's forecasts when Tesla expects to produce about a half million cars. But there are many doubts afflicting minds of analysts and investors. They desire to have notice about Model 3 assembly line and about the date production begins.
All expect a loss for Tesla shares but not like 2015
The analysts' fourth-quarter predictions speak about a loss of 51 cents per every share Tesla. A result, therefore, a little better than 2015 when fourth-quarter brought a loss of 87 cent per share. Another financial platform, Estimize, provides a loss of only 3 cents per share but in general looking at the various analysis, everyone agrees that Tesla will announce a negative Earning per share.
Furthermore till now, Tesla hasn't had many competitors but major car makers are preparing an explosive 2018 with the production of several electric vehicles as Chevrolet Bolt EV a direct rival of Model 3. Moreover, UACJ Corporation is investing on Tesla Model 3 manifacture with 3 billion Yen for the production of an aluminum part. This should allow Tesla to reach an increase of 50% of production by the end of 2017. We just have to wait Wednesday for the final figures.
