Next week could be a volatile week for Tesla Motors stock. On Tuesday, the company will finally show off its fully electric SUV, dubbed Model X . But could Tesla's announcement of third-quarter vehicle sales, which should take place before the week's end, ultimately be the announcement that decides where the stock ends up trading?
For quarters in which Tesla provided a guidance range instead of a specific number, the guidance midpoint is used in the chart. Data retrieved from respective quarterly letters to shareholders for quarters shown. Chart source: author.
Consider how Tesla's second-quarter deliveries compared to the guidance Tesla provided for the quarter: Its 11,532 deliveries were about 1,000 higher than the midpoint of its expected range of 10,000 to 11,000 vehicles. Could Tesla outdo its guidance for quarterly deliveries by about 1,000 vehicles again during Q3?
Earlier this year, Tesla committed to publishing new car deliveries within three days of quarter end. So, investors can expect an update from the company before Oct. 4.
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The article Tesla Motors Inc. to Announce Vehicle Deliveries Next Week originally appeared on Fool.com.
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