Tesla $TSLA Q2 2018 Financial Results, LIVE Webcast Aug 1, 5:30pm EDT

$TSLA August 7, 2018
UPDATE: Taking Tesla Private? The email that was sent to Tesla employees August 7, 2018.

Original Post:
Tesla, Inc. 

Principal domain: tesla.com
Investor Relations: ir.tesla.com

Earnings Release (pdf) excerpts:
  • 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
Revenue of $4B (+43.4% Y/Y) beat consensus analysts estimate by $70M.
$TSLA shares are trading UP in after hours trading.

Can Elon Musk make Tesla into a real car company? Featured in the July 16, 2018 issue of Bloomberg Businessweek.

See also: Tesla Shorts Are Scared, Exposed, & Desperate — Memo To Media: Don’t Be Duped--CleanTechnica.com.

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