Tesla Motors Inc (TSLA) Q2 2015 Results Date Announced; Revenue Expected To Rise In Second Quarter As Losses Widen

Tesla Motors Inc. (NASDAQ:TSLA) said Wednesday its financial results for the three months ended June 30 would be released Aug. 5 after markets close in New York. The Silicon Valley maker of the Model S electric luxury sedan will host a publicly accessible conference call here at 5:30 p.m. Eastern time.

The event will offer the next comprehensive glimpse into Tesla’s progress, including its sales goals for the year, an update on the $5 billion “gigafactory” battery facility the company is building in Nevada, and the response to the company’s Powerwall and Powerpack energy storage units, which were unveiled April 30. Earlier this month Tesla said it delivered a record 11,507 Model S cars in the quarter.

Analysts polled by Thomson Reuters expect Tesla to report a loss of $130 million, or 97 cents per share, compared to $61.9 million, or 50 cents per share, in the same quarter last year. But revenue is expected to be the highest on record, at $1.16 billion, from $857.5 million in the year-ago quarter.

Wednesday’s announcement came a day after the research unit of Swiss bank UBS issued a bearish forecast that pulled the company’s stock price back from a near all-time high. “We expect both storage and auto volume growth to disappoint,” said auto equities analyst Colin Langan in his research note. Tesla’s current share price suggests the company will be selling 1.5 million cars a year by 2025 and utilizing all of its battery capacity for its Powerwall and Powerpack storage units.

The report sent Tesla’s shares plummeting Tuesday nearly 5.5 percent from its Monday closing price. The company stock shed another 1.84 percent, to $261.84, in Wednesday-morning trading. Tesla shares are up 19 percent since the start of the year and up nearly 2 percent over the past 30 days. The company’s shares hit their second-highest closing price on Monday after CEO Elon Musk announced new Model S options.

The company’s share price hit an all-time closing-price high of $286.04 on Sept. 4, 2014, after Tesla announced the location of its gigafactory near Reno, Nevada.