Tesla falls ahead of earnings as Model S stalls out

Bad press from a test drive may have caused a negative reaction to shares.

By Benzinga Feb 11, 2013 3:23PM
Electrical plug copyright Jupiterimages, Getty Images, Getty ImagesBy Sam Mattera 

Shares of Tesla (TSLA) were weaker early on Monday ahead of the company's fourth quarter earnings report scheduled after the close. Tesla shares dropped over 3% at one point, though pared some of those losses later in the day.


The source of the drop might have been this piece in the New York Times. The author, John Broder, details a road trip he attempted in a new Tesla Model S. Unfortunately, he struggled to complete the trip, as his Tesla ran out of charge. Ultimately, the car had to be towed after it shut down on the freeway.


Broder blamed the cold weather and the lack of adequate charging infrastructure for the Model S's poor driving range. Both issues have long been seen as fatal flaws for electric cars.


Green Car Report, for example, acknowledges what they refer to as the cold weather "myth." Yet, Broder's experience would tend to conflict with their findings. Either way, if Broder's Tesla experience is in any way typical, the company might struggle to sell its vehicles to the broader public.


As for earnings, analysts currently expect Tesla to report a loss of $0.53 per share on revenue of $298.90 million. More important than actual earnings results, however, might be the total volume of cars sold, as investors digest the success of Tesla's vehicles in the marketplace.


Shares of Tesla are up significantly over the last three months -- more than 25% -- and much of that gain has come in January.


Interestingly, Tesla had a short interest near 37% back on January 15. That may have come down somewhat, partially explaining the sharp rally in the shares during the second half of January.


Still, going into earnings, shares are likely heavily shorted. Traders might look for a short squeeze in after-hours trading if the company beats expectations.


Shares of Tesla traded just over $38 Monday afternoon.


More from Benzinga
12Comments
Feb 11, 2013 5:53PM
avatar
THE GOVERNMENT CANABALIZES ITS SELF--AS H CLINTON SAID SHE HAD NO MONEY FOR SECURITY IN LYBIA SHE SPENT BUNDLES ON THE VOLT AND CHARGING STATIONS.  WHILE GM LOST $50000FOR EACH SOLD --IS IT SURPRISING THAT GM IS STILL CLOSE TO BEING BANKRUPT? AND YET THIS ADMIN PUSHES STUPID IDEAS LIKE THIS. A REGULAR FAMILY CAN'T AFFORD A VOLT WHEN YOU CAN BUY 4 CIVICS OR COROLLAS FOR WHAT 1 VOLT COSTS TO MAKE ANY WITH ANY SENSE CAN EASILY SEE HOW AWFULLY STUPID THIS IS. THE ELECTEIC CAR HAS HAD THE SAME AMOUNT OF TIME TO GET PERFECTED 100+YEARS AND IS NOT FISCALLY VIABLE  -- TO THE GOVERNMENT GET SMARTER!!!
Feb 11, 2013 8:13PM
avatar

TOG,

 

Hillbilly Hillary is a corrupt idiot politician....of course she invested in Tesla just as Obama and the rest of his turds did......that's right.... for the hidden paybacks...if you were a bird you would not make it past my 12 ga. much less a Wind Turbine.

Feb 11, 2013 5:08PM
avatar

awww!! the phony 'green' electric car propaganda fell down and go boom!!! seriously folks is this a surprise?? who the hell can afford these stupid testaments to a failed green energy agenda except the very rich who the left despises so much in the first place! how can it possibly be profitable?? mainstream AMERICA is outta work!! they can't possibly afford to buy these ridiculous 'failures' of technology anyway!

 

heheh gotta luv this stuff!!!! one failure after another with this phony green energy FRAUD cuz that's what it is, meanwhile wind power turbines are another such failure of green energy policies, not only do they cost more to maintain than they produce electricity, but they are responsible for 100's of Bald Eagle deaths as well!!! those bigazz stupid propellers kills thousands of small birds as well, but the Bald EAgle that was just brought back from the brink of extinction is now threatened again by none other than stupid liberal agendas that are ALL FAILURES!! of course Tesla is in trouble financially, of course Fisker is too, so now what? are we as taxpayers gonna continue to foot the bill for these failed auto makers? for how long?? the chevy dolt is in the same boat with the rest of these stupid green cars that no one can afford!!GM aka obamamotors in loosing millions on the chevy dolt!! and instead of cancelling the brand they continue to hemorrhage taxpayer dollars, the same monies that gave them new life only to wind up committing financial suicide anyway!! hehe welcome the FAILED OBAMANATION formerly known as the Great Nation of America!

Feb 12, 2013 6:34PM
avatar

The Tea Party Patriots’ mission is to restore America’s founding principles of Fiscal Responsibility, Constitutionally Limited Government and Free Markets.

 

The point LostYoMind is, your Messiah is going on his 5th yr. and he owns it....now go play doctor with your Barbie Dolls and STFU you stupid liberal turd...yuk yuk. 

Feb 11, 2013 9:16PM
avatar
LostYoMind, It is a pleasure knowing you are still a azz kissing liberal loser that cannot be happy even when you have your Dog Eating Illegal Alien Community Organizer Commie in place.....yuk yuk.
Feb 12, 2013 3:28PM
avatar

All you Republican, Libertarian and Teabagger imbeciles wanted free markets, free trade, Capitalism gone wild, unregulated everything and rampant Anarchy,.... YOU GOT IT!

 

NOW GO DIE YOU GOD HATING, ANTI-AMERICAN MOTHER PHUCKING AYN RAND WORSHIPING IMBECILES!

Feb 11, 2013 11:30PM
avatar

Yuk,yuk....Crazy.

BTW.....Glad you're bunkies with Davy Dunkin'..(below)

Feb 12, 2013 4:04AM
avatar

Hey crazy 8's,

 

Go blow your useless brains out a$$hole!

 

May your whole family die a painful death, including your nasty whore wife, your filthy skanky daughters and your mentally retarded sons.

 

DIE MOTHER PHUCKER, DIE!

Feb 11, 2013 6:00PM
avatar
ANY Bird that gets hit by a Wind Turbine Prop....Has to be, a really friggin' DUMB BIRD.
Feb 11, 2013 5:42PM
avatar

I'm surprised that Tesla, has worked or held value as much as it has....??

 

And NO, I didn't participate in the IPO..

And won't be buying any positions.

At least not for awhile...

If anyone else has and made money..? GOOD FOR YOU.

Feb 11, 2013 5:59PM
avatar
Hillary Clinton...."SPENT MONEY on the Volt and Charging stations"..ARE YOU REALLY THAT STUPID...???  OR DO YOU JUST APPEAR THAT WAY in your ramblings.??
Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

116
116 rated 1
265
265 rated 2
429
429 rated 3
612
612 rated 4
499
499 rated 5
525
525 rated 6
701
701 rated 7
533
533 rated 8
337
337 rated 9
131
131 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
UPLULTRA PETROLEUM Corp10
COPCONOCOPHILLIPS9
TAT&T Inc9
DVNDEVON ENERGY CORPORATION9
EOGEOG RESOURCES Inc9
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.