LIVE: Tesla Announces Earnings
Analysts polled by Bloomberg are looking for the company to report adjusted earnings of $0.09 per share on revenue of $554.33 million.
On a Generally Accepted Accounting Principles (GAAP) basis, Tesla is expected to report a loss of $0.25 per share.
But the real number to watch are vehicle sales.
Tesla previously said it expects to deliver slightly over 5,000 Model S vehicles in the third quarter and is on plan to deliver 21,000 vehicles worldwide. The company delivered 5,150 Model S vehicles in the second quarter.
It also expects to report a 25% gross margin in Q4.
Tesla CEO Elon Musk recently admitted that he thinks the stock is overvalued but that
The stock is up 1% to $176.85 today. It is up over 400% year-to-date.