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Tesla has released their Q1 2018 update

Illustration for article titled Tesla has released their Q1 2018 update


And it seems to me that it’s not the doom and gloom situation recent articles have indicated.

One pleasant surprise was the energy generation/storage business was up 92% year over year... and that they’re making money on it. Though it doesn’t have as much margin as the Model S/X does.


And one thing that will be interesting to watch in the coming quarters is Service Revenue. As more Model 3 units get sold, it means more units out there making use of the supercharger service potentially.

And cash flow was negative... but from what I see, they have more than enough cash for the next 3 quarters... and by that time, Model 3 production will be much higher and providing a lot of cash. So from what I see, unlike recent reports have stated, I believe Tesla WON’T need to raise additional cash... UNLESS the take on a few more capital-intensive projects beyond what they’re already working on.


Update: I posted this since I didn’t see anything on Jalopnik. But now I do see this:

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