Media hype around Tuesday’s maiden flight for Falcon Heavy Rocket launch may be stratospheric but ahead of Tesla’s financial results on Wednesday investors remain focused on Tesla Model 3 deliveries.
The first test flight has been announced with a fair number of caveats from both Elon Musk, CEO of Space Exploration Technologies and Chad Anderson CEO of Space Angels both of whom were redefining what constitutes a successful flight.
Musk in a conference call with reporters said he would consider a win as clearing the pad while Anderson said in a Bloomberg interview that success at this point is “getting off the pad…even if it crashes, even if it blows up it will get a lot of important data.”
Falcon Heavy Rocket then will be a success even if a failure. Wednesday brings us to more earthly pursuits as Tesla will announce its financial results. Tesla was down -1.69% in pre-market trading on Tuesday.
The primary focus is on Tesla’s deliveries, the company’s main revenue generator and the company has confirmed record deliveries of 29,870 vehicles.
Model 3 hampered by delays
Wall St analysts consensus for revenue is $3.299bn for fourth quarter 2017 and earnings per share are expected to show greater losses of around $3.19 per share.
A central issue is Model 3 production which has been hampered by delays. The company sought production of around 5,000 Model 3 vehicles a week but has failed to achieve that.