— This is the script of CNBC's news report for China's CCTV on February 12, Thursday.
Tesla reported fourth-quarter quarterly earnings and revenue that majorly missed analysts' expectations on Wednesday.The company posted an adjusted loss of 13 cents per share, compared to 33 cents per share in the year-earlier period. Adjusted revenue for the quarter came in at $1.1 billion, against the comparable year-ago figure $761 million a year ago. Analysts had expected Tesla to report earnings of about 31 cents per share on roughly $1.23 billion in revenue, according to a consensus estimate from Thomson Reuters.
The electric automaker blamed its financials' missing expectations on that delivery shortfall, "one-time manufacturing inefficiencies," and the impact of a globally strong dollar.
Reports came out earlier this week that Musk was preparing to fire some of the company's international executives after poor China sales. According to a source cited by Reuters, the automaker only sold about 120 cars in China last month-well below targets.
[LI JUNHENG / Head of Research, JL Warren Capital] "People who can afford tesla typically dont buy tesla for this environmental purpose. Rather they buy it because its a cool gadget. // So those are the hardcore followers of the product, company and Elon Musk but the chances of buyers who will buy the car, I'm not sure mass adoption will pick up quick enough for them to grow 100% in china, which seems to be the expectation."
Another concern for the electric carmaker is that it may be developing a budding rivalry with Apple, with the companies reportedly poaching employees from each other.
Tesla stock has had a wild ride over the last three months, as shares suffered a major slide in tandem with oil's price decline-traders were betting that energy efficient cars would lose favor among consumers. Although the stock is still more than 15 percent lower than three months ago, it has rebounded slightly in recent weeks.
I'm CNBC's Qian Chen, reporting from Singapore.
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