Orders For Model 3 To Be Delivered Mid

Here are some key areas to watch when Tesla reports results. Tesla could try to lock in more customers before new electric vehicles hit the market like the Chevy Bolt EV and the upcoming Nissan LEAF refresh. The firm has Profit Margin of positive 5.20%. During the same period past year, the business earned ($0.48) earnings per share.

The mean revenue estimate for the ongoing quarter ending Sep 16 is $352.16M by 28 analysts. A Model Y can create a buzz amongst Tesla fans and investors, who believe Tesla needs to take its automotive business seriously. Will Tesla maintain this guidance more than three weeks later into the quarter? However it now reads, “Production begins late 2017”.

Tesla CEO Elon Musk said on Twitter Tuesday night that a year’s worth of Model 3 cars are already sold out. In May, Tesla said it had received about 373,000 pre-orders for the vehicle. “And when equipped with electric all-wheel drive, Model 3 provides safe and dependable traction in all conditions”. Just a few weeks later, the company rolled out its software update, Version 8.0, to give the vehicle new features and functions.

It turns out Tesla delayed the launch of an unannounced product (presumably Tesla Model Y) on October 17 and while details are scant, it seems that Elon Musk wasn’t too pleased with the product.

Orders for the Model 3 have reached around 373,000 as of May, just two months after the new Tesla vehicle was introduced last March 31 during a Tesla event in Hawthorne, California. Electrek, a media website that closely tracks Tesla, polled its readers on what they expect.

Pushing the date further out might lead to missing the federal tax credit for new buyers as it will expire after the company sold 200,000 cars. The company has an Average Rating of 3.20 based on analysts tracked by Thomson Reuters. And we think its stock price has almost unlimited room to run for early in-the-know investors!

Many analysts have provided their estimated foresights on Tesla Motors, Inc. Beta for Tesla Motors, Inc. stands at 1.29 while its ATR (average true range) is 5.56. Try any of our Foolish newsletter services free for 30 days.

Of course, we have no idea if that’s true or not, as it happened in real life and not a video game, so we can’t start the trip again and choose the other option to see what might’ve happened. The Motley Fool has a disclosure policy.

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