What is the sound of one piston slapping?
What is the sound of one piston slapping?
Illustration for article titled Tesla just reported a profit...



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.

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