Tesla stockTesla announced Q1 2020 results today. Stock was up to $800 at market close. https://ir.tesla.com/static-files/c1723af4-ffda-4881-ae12-b6f3c972b795
Highlights.
Highest ever Q1 revenue
Positive net income in Q1
Operating cash flow negative $895M, of which $981M outflow was due to inventory growth
Automotive gross margin of 25.5% and total gross margin of 20.6%
Model Y deliveries began ahead of schedules
Solar roof production reached 1,000 units/weekThu, 30 Apr 2020 01:04:14 +0000
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