The luxury car maker Tesla (TSLA) is on an uptrend. There is no other company that provides electric vehicles in the luxury segment. The success of this automaker is quite evident with its one-year return of 80% for its investors.
Tesla reported its second-quarter results, which was way ahead of Street's estimates. In fact, it is not the first time the company has over-delivered. It beat the estimates in the last five consecutive quarters. Let us explore the quarter in details.
Into the results
Driven by higher demand for its products, revenue stood at $858 million, higher than the year ago top line of $552 million. Also, this number is higher than $810 million, expected by analysts. Higher deliveries of its Model S sedan led to a growth in sales. Tesla delivered a total of 7579 vehicles of Model S and produced a total of 8,763 vehicles, during the quarter. The deliveries were higher than the company's own estimate of 7,500 vehicles. Number of vehicles delivered is indeed an important metric and an uptick in this figure shows growth prospects of the company.
Even the bottom line did well. Adjusted earnings for the quarter stood at $0.11 per share, as compared to the expectation of $0.04 per share. Therefore, the carmaker managed to outperform the consensus in all the key metrics reported.
Road ahead
Further, Tesla has some amazing plans for the future, which will make investors even more confident about the company. First, it has entered into partnership with Panasonic (PMPC), the battery maker, to participate in setting up Gigafactory, the world's largest battery factory in the U.S. This lithium ion battery factory will produce battery cells for 500,000 electronic vehicles on an annual basis. This initiative requires an investment of $5 billion and a total of 6,500 employees.
Also, the luxury carmaker is in plans to make a mass market electric vehicle in the next 3 years. This model, known as the Model 3, will be priced around $35,000 and will be 20% smaller in size. The affordable car will cater to the middle income group people, who are unable to buy expensive Tesla cars. The upcoming Gigafactory will help in this endeavor.
Another new model, called Model X, is expected to hit the market in the spring season of 2015. This news has brought much excitement to people who are eagerly waiting for the new release.
The automaker is also expanding its wings as it gets into new markets. It plans to expand in China, which is the largest luxury car market. This should help in boosting Tesla's revenue. It will also be expanding to Japan in the coming months, which is an important market as well. Further, demand for model S is already on the rise in the existing markets of the U.S. and Europe.
Therefore, the company is confident about its sales outlook of 35,000 vehicles, during the year. Moreover, Tesla expects to produce 9,000 cars and deliver a total of 7,800 cars in the current quarter.
To end up with
Tesla is the leader in the luxury electric car market with very few players matching up to its standards. In fact, it's been 7 years when the company launched a car with 250 mile battery range and no other company has been able to reach the same level since then. The luxury car maker is doing well and is beating its benchmarks each time. Moreover, with the new cars, slated to be launched, and the new Gigafactory on the cards, Tesla looks like a great pick for the long run.
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China food fails HONG KONG (CNNMoney) There are no Big Macs. There are no Chicken McNuggets. The menu at McDonald's restaurants in China was much slimmer on Monday after a troubled supplier issued a major recall. 
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Shutterstock If you're trying to get your financial situation in order, you have to grapple with lot more than simply making the math work. Money is based in your mindset. If you're approaching money from a skewed perspective, even the best-laid plans won't bring you much success. Let's take a look at three of the most common bad money mindsets that can keep you from having a healthy relationship with money -- and how to get over them. 1. "Money Is the Root of All Evil" What it looks like in action: You feel guilty about earning and spending money. Maybe your parents drilled this mindset into you as a kid; maybe you developed it by watching their own financial struggles. Either way, you don't trust money and feel it leads to all sorts of ailments: stress, greed, you name it. The problem with this mindset: Money is not inherently evil; there are just good and bad ways to spend it. By dismissing it as troublesome, you're missing out on all of the good it can do in your life, from paying for your kids' education to helping out your favorite charity. How to fix it: You need to reprogram your brain to recognize money as something that is neither good or bad, but simply a tool. Figure out what ultimate goal you'd like to devote your money to and how you can get there. Reframing your money as a means to a positive end, and act accordingly. 2. "No One Gets Rich -- Unless They Win the Lottery" What it looks like in action: You just can't seem to get ahead, and you've resigned yourself to the notion that "that's just the way things are." You believe people who "make it" are lucky (or cheating the system) and you resent them for it, but you're also oddly proud of the way you're struggling and scrounging to make ends meet. The problem with this mindset: It's a self-fulfilling prophecy. Viewing life as an unending struggle -- and viewing money as a scarce resource that's hard to come by -- prevents you from creating the wealth that is very much within your reach. How to fix it: Take a long, hard look at those people who've "made it" and figure out what they did to get there. Sure, a few of them may have been handed a small fortune by the inheritance gods, but what about the rest? Maybe they dedicated themselves to professional development and put in long hours working their way up the ladder. Maybe they learned how to invest their money wisely and earned great returns. The same discipline and dedication you're using to live paycheck to paycheck could be transferred to a healthier goal that will pay off way more. 3. "I'm Just No Good with Money" What it looks like in action: You feel like there's always something waiting to go wrong with your finances -- and it's usually your fault. Every time you get a windfall, something winds up going wrong and eating it all up. You've wracked up a ton of debt and can't even remember why, and you have little hope that things will ever be any different -- you just seem to suck at money. The problem with this mindset: Even if you've made some really bad choices in the past, you can still change course. People have paid off tens of thousands of dollars of credit card debt and radically changed their financial outlook -- take a look at this couple that paid off $46,000 in credit-card debt. But you can't change anything if you've thrown up your hands and decided you're simply a dolt when it comes to money and there's no hope left for you. How to fix it: You need to get to the root of your bad money moves so you can learn from your mistakes and make a plan to avoid repeating them. Sit down with yourself and identify why you're in this situation. Are you prone to impulse purchases? Have you failed to stick to (or create) a budget? Once you know where things have gone wrong, you can work to set them right-so long as you believe it's in your power. More from Paula Pant