Tesla Motors Inc (NASDAQ:TSLA) Spikes In Anticipation Of Hot Quarter Earnings Result


Dallas, Texas 07/31/2014 (FINANCIALSTRENDS) – Hybrid car maker Tesla Motors Inc (NASDAQ:TSLA) stock prices have been rising steadily on the stock market, in anticipation that the results of its most recent quarter would be in line with industry estimates. Tesla is scheduled to announce its quarterly results on Thursday.

The estimates by high profile analysts such as S&P Capital, in its iQ report expects the electric car maker to return and Earnings per share of 4 cents with an unadjusted loss to the tune of 41 cents.

Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk has announced that thus far in the year, his company has released 35,000 of the Model S against over 15,000 in the previous year. The company is expected to ramp up production of this car model in the near future following the recent revamping and retooling of its facilities.

Besides, in news which is expected to drive the value of Tesla Motors Inc (NASDAQ:TSLA) stocks higher, has been news of the company working closely with ex-Apple Inc designers in creating exclusive user interface for the ultimate user experience on all electric vehicles and hybrid machines it makes. Tesla’s Javier Verdura, the Director of Product Design and Project Management, in a session with 9 to 5 mac publication has confirmed that nearly 5 such ex-Applites are driving designing changes in this segment.

Other hot news by the car maker, such as the launch of a new car called Model X, which are to be available from next year; followed by news of the production facilities expansion. Model X is hot news as it will be Tesla’s all electric models and viewed as the cross-over model.

The company has been making big news on the massive production scale it is hoping to launch by next year. Besides, it has been working hard on battery technology front as well. It is expected to build batteries for its ambitious Model 3 Sedan, which it expects to launch in the next couple of years.