The Pacific Crest Reiterates "Hold" Rating for Tesla Motors Inc. (TSLA)

Tesla this afternoon released its earnings report for the company's recent fourth quarter. TSLA has said, too, that SolarCity is projected to contribute $1 billion-plus in revenue to its balance sheet this year, and many analysts might be interested in knowing if that is still on track.

One of the big issues against the SolarCity deal was the effect it would have on Tesla's cash pile just as it prepares to introduce the Model 3. Analysts polled by FactSet predicted a loss of 53 cents per share. Girard Securities Inc. raised its stake in Tesla Motors by 6.0% in the fourth quarter.

Tesla Motors, Inc. (NASDAQ:TSLA) reports its Earnings on Tomorrow.

Investors will likely be looking for more news on the plans for development of the Model 3 sedan, which is scheduled to go into production later this year.

Production for Tesla Inc.'s mass-market Model 3 electric cars, pictured above in a March 31, 2016 handout, were set for production in mid-2017, according to the company website. Tesla Motors has a 52 week low of $141.05 and a 52 week high of $269.34. Tesla's sales for the year are seen around $7 billion.

The company said it planned to invest between $2 billion and $2.5 billion in capital expenditures ahead of the start of Model 3 production. Franklin Resources Inc. now owns 10,293 shares of the electric vehicle producer's stock worth $2,200,000 after buying an additional 300 shares during the last quarter.

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Tesla Inc (TSLA) said tonight that it deployed 201 megawatts of solar energy generation during the fourth quarter and 98 megawatt hours of energy storage, so it sounds like SolarCity will be put in with the energy storage segment. Tesla lost $2.02 per share during the fourth quarter past year.

Tesla is betting on exponential growth curves that result in widespread adoption of electric cars, massive battery stations to back up the world's electric grids, new glass solar shingles for rooftop power production, and autonomous cars for ride-sharing fleets. Chief Executive Elon Musk has said a number of times that TSLA will be producing 500,000 units of the auto by 2018.

Tesla shares have climbed 28 percent since the beginning of the year.

The company also said it plans to expand its mobile fix service for the influx of new owners, as well as creating a new delivery center in Hong Kong and doubling the size of the supercharger network in America. Given that its average daily volume over the 30 days has been 4.65 million shares a day, this signifies a pretty significant change over the norm. Robert W. Baird reaffirmed a "buy" rating on shares of Tesla Motors in a research note on Wednesday, December 14th.

The stock price has gained more than 50 percent in the last three months, approaching record levels. The shares were sold at an average price of $197.60, for a total transaction of $549,130.40.

  • Ronnie Bowen