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LIVE: Tesla reports earnings

Akin Oyedele
Updated
Elon Musk
Elon Musk

AP Photo/Rich Pedroncelli

Elon Musk

Tesla is set to report fourth-quarter earnings after the market closes on Wednesday. 

It’s the first earnings release since shareholders approved the electric-car maker’s acquisition of SolarCity — a $2.6 billion deal that merged the two companies CEO Elon Musk oversaw. 

For the fourth quarter, the median analyst forecast is for an adjusted loss per share of $1.04, with the highest projection at -$0.33, according to Bloomberg. Wall Street is looking for revenues of $2.12 billion. 

As Tesla continues to burn through cash and tackle competition, analysts will be parsing the earnings release and call for information on how the company plans to manage its capital. 

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They’ll also be focused on how many cars Tesla plans to build and deliver this year, and the timing of its $35,000 Model 3 launch.

Tesla’s stock has been on a tear of late, rising 43% in the three months through Wednesday’s market close. 

Screen Shot 2017 02 22 at 3.56.23 PM
Screen Shot 2017 02 22 at 3.56.23 PM

Markets Insider

More to come … 

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The post LIVE: Tesla reports earnings appeared first on Business Insider.