Showing posts with label Tesla Electric Cars. Show all posts
Showing posts with label Tesla Electric Cars. Show all posts
Wednesday, 6 May 2015
Here Is What Tesla Earnings Might Have In Store
Tesla will soon reveal its first quarter earnings, here's what to expect from it.
After the markets close on Wednesday, Tesla Motor Company is expected to reveal its first quarter earnings for the fiscal year of 2015. The news will be covered shortly along with the conference call Mr. Elon Musk the chief executive officer of Tesla is about to make as soon as they post they earnings for the aforementioned time.
However, Business Insider expects the following things from the earnings call.
Tesla Motors is expected to cross $1 billion for the first quarter of 2015 where they are expected to deliver 10,000 cars. The consensus for the earnings per share of the company is $0.5 (loss) whereas earlier in FY14 I for Q1 they had an EPS of $0.12.
The company has focused a lot on China during the first quarter which is expected to be a market with numerous growths potential. But according to an analyst at Jefferies, Dav Doley who initially gave a bullish price target of $350 where he believes that China is not the market which Tesla needs to be worried about. The demand for Tesla electric cars is pretty massive in Europe and this would actually help them to boost sales by 2020. If this turns out to be true then the company would get time to resolve the persisting issues in China.
Apart from this, Mr Elon Musk people are still not sure if the company is actually spending money to make Tesla products and services better. It was expected that the company will spend money in order to boost production in the years to come. Apart from that the news about a Gigafactory is also penetrating in the market, However now, it is expected that the earnings reports will clear out whether the company will be able to raise money on their own which was initially thought to be a compulsion.
A report regarding the total deliveries that have been made by the company is expected to be ready for the upcoming quarter. Tesla claimed earlier that it would actually deliver out 55,000 Model S Sedans and Model X SUVs overall in 2015. However, now 40,000 vehicles need to be sold out to achieve that target that will result in pressure on the company during the third and fourth quarter.
Moreover, the company will start selling its storage batteries in a few months that will again be a new prospect of growth for the company in general.
The earnings report for Tesla for Q1 FY15 will not really be something exceptional however the coming quarters will mark a greater difference.
Tuesday, 5 May 2015
Tesla Batteries Will Enrich Smart Living
Elon Musk officially reveals the launch of Tesla batteries that will reach investors by summer.
Tesla Motors Inc.’s chief executive officer, Elon Musk has finally revealed that the company is all set to manufacture batteries that will have the ability to store solar power. This will help users to have a backup in case there is a blackout.
These batteries will have the potential to make users go beyond power grids and in return bring power to all those areas that are not a part of the grid. Tesla is quite ahead with its plans since now they are all set to start the shipment of the batteries to installers by the end of this summer in the United States.
According to Musk, at a much-anticipated ceremony that took place in Los Angeles, this move by the company will help in restructuring the infrastructure of the world on the whole. He further added that, "Tesla Energy is a critical step in this mission to enable zero emission power generation.”
The lithium-ion batteries that will be rechargeable will apparently be using the same batteries the company manufactures for Tesla Motors electric cars. The technology is known as Powerwall where the company wishes to sell around 7kWh unit for a cost of $3,000 whereas the 10kWh unit will apparently cost $3,500 to the installers.
SolarCity which is Elon Musk other venture will collaborate with Tesla Motors allowing them to install these batteries domestically. However, more such companies will soon be added to the company’s portfolio.
The market for such batteries is known as “stationary storage” that has the ability to grow and evolve at a steady pace since the trends are now changing where dependence on fossil fuel is merely ending. Thus, the intervention of clean storage techniques such as wind or solar will actually make a massive impact on the global ecosystem. "Cheaper and more efficient energy storage mean individuals and businesses could save renewable energy until they need it, hugely reducing the need for climate-changing fossil fuels,” reported Alasdair Cameron.
The company’s move is fairly smart since TSLA already has experience in manufacturing high-end electric batteries thus using its prior experience it will not be difficult to deploy what they already know in the domestic sector.
Considering how internet has transformed how individuals consume information, likewise wind and solar energy will also change the way human consume and utilize energy where electric storage is part of the global intervention.
Hence, in a nutshell, Tesla Motors is making a massive change in the world of electrical storage that will completely change the fate of this industry.
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