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Tesla Motors (TSLA) Loss Likely to Narrow

TSLA +4.8% is expected to book a narrower loss than a year ago when it reports second quarter earnings on Wednesday, August 7, 2013 with analysts expecting a loss of 36 cents per share, from a loss of $1.00 per share a year ago.

The consensus estimate is down from three months ago when it was a loss of 10 cents, but is unchanged over the past month. For the fiscal year, analysts are expecting a loss of 68 cents per share. Revenue is projected to be 1376% above the year-earlier total of $26.7 million at $393.4 million for the quarter. For the year, revenue is projected to roll in at $1.84 billion.

Last quarter’s profit snapped two straight quarters of losses.


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