Tesla Motors Inc. (NASDAQ: TSLA) surged 7.38% to $241.62 on Wednesday from the lowest $225 on mid-day Monday. Global Equities Research believes that the company can deliver more vehicles in the fourth quarter of its fiscal 2015. Tesla had planned for deliveries of between 17,000 and 19,000 vehicles. Specifically, analysts think that that Tesla can deliver over 18,300 cars.
During the bullish situation, Tesla is planning on recruiting thousands of employees as it will open a battery factory at Nevada in the near future. The company currently has 1,600 open positions and will invest a big emphasis on its autopilot program.
Tesla's revenue growth has slightly outperformed 9.4% higher than the industry average. Since the same quarter last year, revenues slightly increased by 10.0%. This growth in revenue does not appear to have dropped down to the company's bottom line, indicated by a decline in earnings per share.
After one year fluctuations of its stock price, Tesla’s stock price had not changed much. Even the company’s weak earnings may have impact this flat result, thus the performance of the overall market, as measured by the S&P 500 Index, was basically similar. Although Tesla has already risen in the previous year, there is currently no conclusive evidence that warrants the buy or sale of this stock.
Net operating cash flow has dramatically declined 626.31% to -$203.34 million compared with the same quarter last year. Moreover, the firm's growth rate is much lower compared with the industry average level.