Fred Alger Management Inc. Has $8771000 Position in Tesla Motors, Inc. (TSLA)

The company's net loss attributable to common shareholders narrowed to $121.3 million, or 78 cents per share, for the fourth quarter ended December 31 from $320.4 million, or $2.44 per share, a year earlier.

The electric auto maker posted revenue of $2.28 billion in the period, exceeding Street forecasts. It's vital that the company keep the Model 3 production and deliveries on schedule, and this is expected to be a key part of the focus tonight during the earnings call.

A number of analysts recently commented on TSLA shares. If Tesla gets into trouble, he said, SolarCity's business could be used to generate cash on current contracts as the business is slowly wound down.

The complete text of the Tesla Fourth Quarter 2016 Update letter can be seen at the end of this article. Wall Street will be eager to hear details on the Model 3, the all-electric mass-market vehicle that Chief Executive Elon Musk hopes to start producing in July and selling later this year.

Tesla Motors, Inc. has a one year low of $162.50 and a one year high of $287.39.

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Tesla announced today it saw revenue grow to $7 billion, a jump over last year's $4.05 billion revenues. Sales of $2.18 billion are expected, from $1.75 billion a year earlier. The company said global net orders for the two vehicles combined grew 49% year over year.

Tesla's most anticipated vehicle may actually arrive on time.

On the SolarCity side, Tesla said it would cut costs considerably by lowering ad spend, selling solar products in Tesla stores, and by shifting from its usual leasing program to instead selling its solar energy systems. The company directly leased 1,132 cars to customers in the second quarter worth $117 million in aggregate value.

When a company reports earnings, the reports are intensely examined by investors and analysts alike.

Tesla Inc. designs, develops, manufactures, and sells electric vehicles and stationary energy storage products. UBS Securities analyst Colin Langan has said in a note to his investors that the price of Tesla shares will fall back to $160 in the next year. Tesla lost $2.02 per share during the fourth quarter a year ago. The stock finished with a loss of 3.88 at $273.51 on above average volume. There are now 13 brokerage firms covering Tesla Motors, Inc., offering earnings per share estimates as well as future price target projections. Tesla's dominance in the EV market will prevent short-sellers (where short float is 27%) from making much money from the stock. The shares were sold at an average price of $197.60, for a total transaction of $549,130.40.

  • Darren Santiago