Oops, you did not go to the bottom:
second to last line item: Free cash flow: -2531
you showed 'from operations', were that not have been negative it would have been catastrophic.
when including Capex, a crucial line item and the basis for future expectations, the reality is that for the first time in several years they do not now generate enough cash flow to support all their plans.
We now can see why Monterrey is seemingly delayed, what existing factories are about to build the new derivative models and why the revolutionary new processes planned are being somewhat curtailed.
Were this to be some other company that did not have revolutionary plans and a track record of making seeming impossible things happen this might not be a serious issue. This is Tesla, so they really need that large cushion, especially with interest rates as high as they are.
Without much doubt we understand the reasons for this:
-Suez canal;
-Giga Germany effects of terrorist attack;
-most desirable models and variants sometimes short supply while predicted choices less desired so inventories grew. Plethora of other reasons why demand suffered;
- Blew money on unproductive tactics (e.g. imprudent advertising choices, inadequate sales and delivery processes, etc);
- Distraction on 'shiny objects' rather than improving core businesses;
-slower than desirable rollout of Semi and storage products;
-and a few more.
Each of those resulted in either lower revenues or higher costs or both. These can be debated as can a number of others. The net results, however, cannot be debated. Those are facts!
I hoped never to write such a post. I hope they've awakened and will return to the core skills that brought TSLA so far. Shiny objects such as FSD and Optimus may happen soon enough. Will they eliminate the need to repair existing deficiencies? I do not think so.