Tesla ticks higher ahead of earnings

Tesla is up 0.1% at $US277.66 a share on Wednesday morning ahead of its 2016 fourth-quarter earnings which are due out after the bell.

Tesla shares have been rallying since the beginning of the year, and hold close to their all-time highs.

Analysts expect the company to lose $US1.14 per share on an adjusted basis on revenue of $US2.13 billion, according to Bloomberg.

Business Insider’s Matthew DeBord says it’s a weird time for the company. Tesla combines a record of quarterly losses with one of missed vehicle launches and of guiding high on deliveries and missing. Yet its market cap of $US44 billion is closing in on Ford’s.

Ahead of the earnings call, investors will be looking at 2017 deliveries guidance, the timing of Tesla’s Model 3 launch, and more information on riding hailing service and Uber competitor Tesla Network.

See Also: Expect Tesla earnings to be downright weird

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