Investor sentiment in Tesla Motors Inc (NASDAQ:TSLA) is strong, not only for the kind of growth that the company has had in the past few years, but also for the way it’s planning to revolutionize the auto industry. After its second quarter earnings report and the announcement that it has started exporting Model S in China, the next thing that Tesla Motors Inc (NASDAQ:TSLA)’s investors are looking for is if the company can match up its guidance of delivering 35,000 cars in 2014 and 100,000 cars per year by 2015.
Bloomberg’s Julie Hyman and Alix Steel discussed the company’s delivery predictions and its planned ‘Gigafactory’ to speed up production.
“The question is can they get there? Can they even get to the 35,000 this year? The company came in with deliveries of almost 7,600 for this quarter that just passed and is also predicting for this coming quarter 7,800, but that would still mean you’ll need acceleration to 13,000. A lot of people buying cars for the holidays in the final quarter of the year, so, you are definitely looking at a substantial acceleration […],” Hyman said.
Hyman also broke of the second quarter earnings numbers from Tesla Motors Inc (NASDAQ:TSLA), revealing that if adjustments are made for certain items that resulted in a net loss for the company, Tesla Motors Inc (NASDAQ:TSLA) had an EPS of $0.11 per share versus $0.04 that analysts expected. Alix Steel also mentioned Tesla Motors Inc (NASDAQ:TSLA)’s ‘Gigafactory,’ saying that Elon Musk wants to produce 500,000 vehicles per year by 2021 with the help of this new battery production plant.
“If you look behind, it really needs to happen is it needs to lower the price of the batteries. His goal is to reach 200 Kilowatt per hour. What does that mean, it basically is the energy that you can store in the battery. The cheaper it is, the more energy you can store, the bigger the battery can be while the cost does not go up […],” Steel added.