http://files.shareholder.com/downloads/ABEA-4CW8X0/3102096909x0x913801/F9E5C36A-AFDD-4FF2-A375-ED9B0F912622/Q3_16_Update_Letter_-_final.pdf

I’m looking forward to seeing what this will do to the share price tomorrow.

And some things I found interesting:

  • Revenue more than doubled from the same quarter last year... Increased to almost $2.3 billion from $936 million
  • The $29 million profit is GAAP profit.
  • Gross margin is over 27%
  • Cash flow positive to the tune of $176 million.

These numbers are far better than I expected. I wasn’t expecting them to report any profits until the Model 3 was launched.