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Tesla Motors Inc (TSLA) Shares: Journey Towards The $500 Milestone

Tesla Motors Inc (NASDAQ:TSLA) share price has the potential to breach the $500 mark, believes a report on Seeking Alpha from Green Energy Addict. According to the author, many events concerning Tesla are happening that could bring the share price closer to the milestone.

Tesla Motors TSLA
Analysts underestimating earnings potential of Tesla

The author believes that most of the analysts are underestimating the revenue and earnings figures of the company for the fourth quarter. Consensus estimate for Tesla is earnings of $0.18 on revenues of $657 million. Previously, Tesla Motors Inc (NASDAQ:TSLA) revealed that it delivered 6,900 vehicles, and expects the revenue per vehicle to be similar to the third quarter, which puts the revenue at $759 million.

Tesla’s analysts estimate for 2014 EPS is steadily moving upwards, and is now at $1.59 from $1.52 previously.
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