Vi använder en mängd olika cookies för att du ska få den bästa användarupplevelsen. Genom kontinuerlig användning av denna webbplats godkänner du vår användning av cookies. Du kan läsa mer om vår policy för cookies och redigera dina inställningar här eller genom att följa länken längst ner på alla sidor på vår webbplats.
On Wednesday 5 November after the markets have closed Tesla, the electric automotive manufacturer, is set to report its third-quarter figures. Markets are expecting the adjusted earnings per share to drop from $0.11 down to -$0.002. Sales are expected to increase from $857.51 million up to $884 million, helping the pre-tax loss to drop from $60.75 million down to $22.59 million.
Tesla has recently announced a joint venture with German automobile manufacturer Mercedes-Benz. In an effort to offer an electric option, the German car giant has changed the design of its current B-class car to incorporate an electric Tesla engine. This is in contrast to the other German giant BMW, who has started from scratch with a new design and its own engine.
Mercedes-Benz has noted that it does not see the manufacturing of electric engines as a department that can make money independently, so its partnership with Tesla is a logical step towards competing with BMW. With the majority of the electric cars manufactured on existing lines, costs and project longevity have been ensured.
The share price of Tesla is oscillating around $245 (the 100-day moving average) and the 200-DMA on several occasions has offered support. A retest of Tesla’s $290 highs could well be seen if the company can confirm that running costs are being brought ever closer to break-even.