Tesla's Q2 Results Are 'Only Limited By Supply'

Tesla Motors Inc (NASDAQ: TSLA) is only days away from reporting its second-quarter results, and every investor is wondering the same thing: will the automaker's results live up to expectations?

"Tesla is only limited by supply," Patrick Moorhead, president and principal analyst at Moor Insights & Strategy, told Benzinga. "They confused investors with their home battery pack, but it really doesn't matter, as no one is even close to their level of innovation in electric cars."

Global Equities Research analyst Trip Chowdhry said that he expects Tesla to raise its guidance.

"They already beat the delivery estimates for the current quarter," Chowdhry told Benzinga. "We think they'll announce the results in the first week of August, raise guidance for the third quarter, both on deliveries and probably surprise on the production front."

Tigress Financial Partners analyst Ivan Feinseth said that Tesla's performance has been "strong" and that he expects it to be a "great earnings season."

Related Link: How Apple Could Help Tesla By Building A Car

Revenue And Deliveries Come First

Kyle Woodley, managing editor at InvestorPlace, told Benzinga that investors aren't overly concerned about Tesla's ability to profit. The main focus is on revenue and deliveries.

"Guidance is sitting at 13k," said Woodley. "They're looking for 55,000 models for all of 2015. Between Q3 and Q4 I think we need about 33,500 to basically hit the goal. Q4, you'll start to get to the Model X in there. That's how you get to the big number."

Woodley said it would be a "big win" just to hit the delivery expectations.

"That's pretty big," he added. "Right now I don't think Tesla is too much of a game of profits…even though they have showed consistent earnings for several consecutive quarters."

After the story was published, Woodley emailed Benzinga with an additional comment and a clarification regarding the quote above.

"Tesla had shown earnings consistency for several quarters -- that was between 2013-14," he said. "TSLA actually has posted losses in the past two quarters. My point was that Tesla at one point was posting repeated profits, but it's not ... But that doesn't really matter, because TSLA still isn't so much a game of profits yet.

Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report.