Tuesday, March 12, 2013
Tesla Predicts A Profit, But Analysts Disagree
Tesla Motors, Inc. (TSLA) continues to trade around highs even as analysts cut estimates. The company recently predicted profits for Q1 2013, yet the average analyst still expects a small loss by the company. In fact, over the last week, the Q1 estimate has slightly dropped to a loss of $0.07.
The company is leading the charge to developing the electric vehicle market with several revolutionary Model S that has obtained numerous awards.
While the stock remains close to the highs at around $37, the analysts continue to drop the estimates for 2013. The company reported what appeared to be strong results for Q4, so why have the analysts gotten more negative on 2013 and 2014 results?
Read the full article at Seeking Alpha.
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