Tesla may open 3 more Gigafactory locations

Tesla reported a loss of $121.3 million, or 78 cents per share, for its fourth quarter. Revenue was $2.28 billion versus an estimate of $2.13 billion.

Colgate-Palmolive Company (NYSE:CL) [Trend Analysis] shows fluctuation in active trade, on Wednesday shares ascend 1.67% to $73.18. That was a big improvement over the $1.18 a share loss that a consensus of analysts had expected, Bloomberg News reported. On Feb. 8, CEO Elon Musk said it hopes to launch in India this summer.

More news: Apple to Switch to Glass-Film Touch Solution for Apple Watch?

Electric-car buffs and industry analysts are likely to be revved up for the quarterly results from Tesla (TSLA), the Silicon Valley-based luxury electric carmaker. 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. For the first two quarters of 2017 and before the expected start of Model 3 production in July, Tesla expects to invest between $2 billion and $2.5 billion in capital expenditures. The company's market value reached record highs last week following an US$18 billion dollar stock run. It turned its second profitable quarter previous year, thanks to increased demand for its vehicles and selling pollution credits. Uncertainty by analysts on how Tesla would model SolarCity into its results resulted in a wide range of estimates. The Tesla's sensors were detecting that the auto was not actually moving while the wheels were spinning, causing the vehicle to stop accelerating on the dyno. When the dust settled, Tesla posted revenue of $2.28 billion and a loss of 69 cents per share.

Tesla had announced a rare profit for the third quarter last October, weeks before shareholders of both companies were to vote to approve the SolarCity merger. The stock finished with a loss of 3.88 at $273.51 on above average volume. 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. Deutsche Bank AG reaffirmed a "hold" rating and issued a $215.00 price objective (down previously from $290.00) on shares of Tesla Motors in a research report on Tuesday, December 13th. Leading up to this report, we have seen a 13.35% rise in the stock price over the last 30 days and a 47.03% increase over the past 3 months. Investors should also consider seeking advice from a broker or financial adviser before making any investment decisions.

More news: First VP Mehriban Aliyeva to become outstanding statesperson, says Gusman

Following the economies of scale argument, Tesla can further reduce that cost down as another Gigafactory will be constructed in Europe this year.

More news: Trump asks black reporter to set up meeting with Congressional Black Caucus


Popular
  • Miami Dolphins trying to trade Branden Albert before releasing him

    The offensive line was still a point of contention last season despite improving on the number of sacks given up a year ago . Set to cost Miami a whopping $10.5 million in 2017, Williams' departure will save the team $8.5 million in salary-cap room.

    USD's Kris Bryant pranked by Greg Maddux, Red Bull

    Video Description: Reigning baseball MVP and World Series hero Kris Bryant thinks he's shooting a baseball workout video. Bryant actually talks about Vegas toward the start of the video, even mentioning Maddux, but that's not the good stuff.

    Scouting Combine: Participants and Schedule

    The scoop comes as a hit to Kelly's draft stock, which was already in a sort of limbo after his season-ending knee injury. Clemson's participation is almost equally divided on each side of the ball with five on offense and four on defense.
  • California officer killed, another injured following early morning shootout

    California officer killed, another injured following early morning shootout

    That driver had gotten out and asked those he had hit to help push his stolen auto from the intersection, investigators said. Authorities say it started when the suspect crashed a stolen vehicle into two other vehicles on Monday morning.
    Justin Bieber under investigation for alleged headbutting incident

    Justin Bieber under investigation for alleged headbutting incident

    A Las Vegas man who says Justin Bieber assaulted him in Cleveland eight months ago has filed a police report about the fracas. In a statement, Serafina insists that no employee called 911, but someone alerted the authorities to what was taking place.
    Judge denies tribes' request to halt pipeline

    Judge denies tribes' request to halt pipeline

    The Army Corps then elected not to undergo the additional environmental review and issued the permit last week. However, he said, he will consider the arguments more thoroughly at another hearing on February 27.
  • U.S.  life expectancy falling further behind other countries

    U.S. life expectancy falling further behind other countries

    Americans rank near the bottom of the list, with life expectancies at 80 years for boys born in 2030, and 83 years for girls. Researchers say that's because, among rich countries, the USA has the highest rates of homicide and mother and child deaths.
    Cow Takes Police On 2-Hour Chase Through Streets Of Jamaica, Queens

    Cow Takes Police On 2-Hour Chase Through Streets Of Jamaica, Queens

    Police were still waiting for confirmation that the newest escapee had been contained, according to the NYPD. Police officers asked workers at the scene to help corral the animal, the station added.
    Melania Trump Shows Off Hair Makeover - See Pics Of New Cut & Color

    Melania Trump Shows Off Hair Makeover - See Pics Of New Cut & Color

    Reiterated family friend, stylist Phillip Bloch , 'This life wasn't her dream. " Truthfully, it's a lot to cope with ". Yes kids, 'Melania's First lady eau de toilete- I sprinkle a dash before mingling with high world dignitaries.
  • Iraqi forces free two IS-held villages near Mosul

    Iraqi forces free two IS-held villages near Mosul

    Commanders and experts expect that the fighting in west Mosul could be the bloodiest yet. The Iraqi army claim to have taken it back, and defeated the Islamist terrorists.
    ISRO Breaks Russia's Record by Sending 104 Satellites in a Single Rocket

    ISRO Breaks Russia's Record by Sending 104 Satellites in a Single Rocket

    ISRO created history by launching 104 satellites on Wednesday: Three are Indian and 101 are foreign and smaller satellites. It puts a wide margin between it and the next record holder, the Russian Space Agency that launched 37 satellites in 2014.
    Suspect Arrested In Death Of N. Korean Dictator's Half-Brother

    Suspect Arrested In Death Of N. Korean Dictator's Half-Brother

    The half-brother of North Korea's leader was killed in Kuala Lumpur airport as he was on his way to China, it has been reported . Kim Jong Nam, the eldest son of late leader Kim Jong Il, had spoken out publicly against his family's control of North Korea.

CONNECT