Tesla Motors Had a Hard Financial Year

BEACON TRANSCRIPT – According to several financial analysts, 2015 was not a fruitful year for Tesla Motors (NASDAQ: TSLA). Tesla Motors had a hard financial year, and many Wall Street analysts are beginning to doubt that Musk’s company will be able to stay ahead of the major league players.

Well, it would seem that Elon Musk, the think-tank behind ambitious projects such as the Falcon 9 and the Crew Dragon, is currently focusing attention towards other venues like SpaceX, PayPal and Hyperloop. While this is not to be construed as a bad thing, due to the fact that SpaceX’s newest projects have the potential of saving NASA a lot of cash, it seems that the entrepreneur missed one important aspect: Tesla Motors.

Although Tesla has recently released a new electric car, dubbed Tesla X, according to a couple of sources, the company isn’t faring too well. In fact, more and more people are coming forward in order to protest about the newly-released car model.

Most of them are complaining about the delivery terms, more specifically about the company’s inability to honor all received orders. Moreover, several financial specialists are beginning to doubt that Tesla Motors has what it takes in order to produce the new electric car in greater numbers.

Unfortunately for Tesla Motors and for Musk, these voiced out complaints are beginning to show up in Tesla’s stocks. Since the whole scandal began, more and more investors have begun to withdraw their stock, leaving the company with little to no allies.

And according to a newly released report, Tesla Motors registered this quarter the highest 52-week low, approximated at around 157.74 dollars, compared to the other numbers that placed Tesla’s 52-week high at 286.65 dollars.

This can be interpreted in one way: that Tesla Motors registered a 15 percent loss each week.

Despite some of the critics out there who see only the empty side of the glass, there are others who are pretty optimistic when it comes to the company’s ability to get ahead of the competition. Concerning the company’s earnings, another financial report performed by FactSet, forecasted that Tesla’s adjusted fourth-quarter earnings will be 17 cents per share. This aspect might actually help the company counteract the 13 cent loss per share in the last financial exercise.

Tesla Motors had a hard financial year, but there are some out there who think that Tesla might get out of the woods.

In terms of revenue, it would seem that the carmaker reported a total revenue of 1.84 billion dollars, a sum which overshadows last year’s revenue of 1.1 billion dollars. And if things take a turn for the better, the company should report a 2 billion dollar revenue in the second quarter.

The company also experience a significant drop in shares. The same financial company stated that the Musk’s company experience a 26 percent drop in shares over the last year, and a whopping 32 percent drop in the last three months.

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