As the market prepares for Tesla Motors, Inc. (TSLA) to release its third quarter earnings for FY13 on November 5, investors will be focusing on key metrics and the company’s guidance to see where the stock is headed. The fourth quarter is crucial as domestic auto sales are typically the highest due to the holiday season.
In the three months since its last quarterly performance was unveiled, Tesla has captivated investors and analysts, with its stock price rising around 30%. Consensus estimates for its earnings and revenues have been revised and re-revised, but the company’s underlying potential and challenges faced by it still remain.
One thing is clear: There is no shortage of demand for the Model S, and recent data suggests that the interest is not just from buyers looking for fuel savings. In a recent report published by Forbes, Tesla’s Model S was the bestselling car this year in the nation’s top two most affluent neighborhoods in California.
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