http://ir.tesla.com/static-files/7235e525-db16-470c-8dce-9ecac0ad7712
- Q2 Automotive gross margin increased to 20.6% GAAP and 21.0% non-GAAP
- Model 3 gross margin turned slightly positive in Q2, expecting roughly 15% in Q3
- Expecting to produce 50-55k Model 3s in Q3; deliveries should exceed that
- Major cost restructuring executed in Q2
- $2.2B of cash and cash equivalents at Q2-end, expected to grow in Q3 and Q4
- Capex projection in 2018 adjusted to <$2.5B
Submitted August 01, 2018 at 04:45PM by AlexanderNigma https://ift.tt/2vtkJSD
