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Tesla reports Q1 '19 revenue of $4.5B (+33%), with an operating loss of $521M. The company is still on track to deliver between 360-400K cars in 2019 (guiding for 90-100K deliveries in Q2). Earnings outlook is for a loss in Q2 (although much smaller) and profitability in Q3. Tesla's cash position ended the quarter at $2.2B, and should climb every quarter sequentially from here. This was a tough quarter, but I'm as optimistic as ever about the long-term thesis.
LINK - Tesla financials on HyperCharts: https://www.hypercharts.co/tsla
LINK - Tesla Q1 2019 shareholder letter: https://ir.tesla.com/static-files/b2218d34-fbee-4f1f-ac95-050eb29dd42f
Become a #HyperChanger & support us on Patreon to receive the exclusive weekly HyperChange Newsletter!! https://www.patreon.com/hyperchange
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Tesla reports Q1 '19 revenue of $4.5B (+33%), with an operating loss of $521M. The company is still on track to deliver between 360-400K cars in 2019 (guiding for 90-100K deliveries in Q2). Earnings outlook is for a loss in Q2 (although much smaller) and profitability in Q3. Tesla's cash position ended the quarter at $2.2B, and should climb every quarter sequentially from here. This was a tough quarter, but I'm as optimistic as ever about the long-term thesis.
LINK - Tesla financials on HyperCharts: https://www.hypercharts.co/tsla
LINK - Tesla Q1 2019 shareholder letter: https://ir.tesla.com/static-files/b2218d34-fbee-4f1f-ac95-050eb29dd42f
Become a #HyperChanger & support us on Patreon to receive the exclusive weekly HyperChange Newsletter!! https://www.patreon.com/hyperchange
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