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Ya... well, $2.4 bil of that positive cash flow is from capital raise. So not a great quarter. Looks like the cash burn from Q1 continued into Q2. Musk's promise to spend everything and pour it into FSD seems to be true. But we also have to extend the timeline from the original 2 year to 5 years of cash burn for FSD. Shanghai might be able to change the picture as it could contribute to positive margin. But we won't know till next year.
I read that. I want to believe. But I read that earlier, too - and was disappointed... That’s why I ask about the reliability of this intent...
Note that Tesla increased 2019 guidance of Model 3 production from 7k/week to 8k/week:
"The production rate of Model 3 continued to improve gradually throughout the quarter, breaking a monthly record in May and then again in June. All manufacturing equipment in Fremont has demonstrated capability of a 7,000 Model 3 vehicles per week run rate, which we continue to work to increase. We aim to produce 10,000 total vehicles of
all models per week by the end of 2019."
If S/X production is 2k/week then Model 3 production is 8k/week.
As suspected, after market trading is used by shorts to generate a big drop and dictate the Q2 narrative.
Every time, man!
Horrible profits (seriously, wtf)
Good cash flow
Idk what to say other than I’m not selling
During the quarter, a majority of orders continued to
be for a long-range battery option and the Model 3
average selling price (ASP) was stable at
approximately $50,000. At the same time,
manufacturing costs continued to decline.
I suspect it's the fix for the infinite loop:Just got a software push while driving on my classic S... Must be important. Hope they fixed the 85 batteries they nerfed