Tesla Results Seen Crimped on Car Deliveries, Credit Sales
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Tesla Motors Inc.’s results were dragged down last quarter as government pollution credits declined and tight battery supply made it harder to outfit the carmaker’s electric vehicles.
The youngest publicly held U.S. carmaker, led by Elon Musk, today may post earnings of 7 cents a share, excluding some items, according to the average of 10 analysts’ estimates compiled by Bloomberg. A year ago Tesla earned 12 cents a share on the same basis, its first ever profit, buoyed by a surge in California zero-emission vehicle credit sales and savings from the early repayment of a federal loan. Analysts project a loss on a GAAP basis.