LIVE: Tesla reports earnings (TSLA)
The results come right after Tesla's big event on Friday launching the mass-market Model 3.
Analysts forecast that the company would report an adjusted loss of $1.88 per share and revenue of $2.51 billion, according to Bloomberg.
Analysts at Morgan Stanley and Baird will be focused on vehicle demand, especially since the Model 3 could cannibalize Tesla's older cars. They'll also be looking out for updates on Tesla's vehicle production schedule and additional gigafactories for its lithium-ion batteries.
It hasn't been a great year for traders who bet against Tesla's stock, following a 52% surge in the stock price year-to-date. Short interest in Tesla — or bets that its shares would fall — has fallen to the lowest level in more than 2 1/2 years relative to shares outstanding, according to data compiled by IHS Markit.
Tesla CEO Elon Musk taunted short sellers on Twitter, but equally had to defend the company's $53 billion valuation.
SEE ALSO: Traders betting against Tesla are growing tired of losing money
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Contributer : Tech Insider http://ift.tt/2uX6Q04
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