> Quarterly revenue has not shown any growth for nearly 2 years Revenue is actually down 4% year over year. I'd say a lot of this is because their Model S/X sa

> Quarterly revenue has not shown any growth for nearly 2 years Revenue is actually down 4% year over year. I'd say a lot of this is because their Model S/X sales were down 56% from the same quarter last year. Huge reduction in high end vehicle sales was essentially replaced with the sale of regulatory credits (8000 cars at 60,000 each is 480million, regulatory credit sales were up 317 million). Free cash flow was +418 million. Even without the regulatory credits, they would've had positive cash flow during a quarter where their factory was closed for a significant chunk of time. I actually take this as a good sign - it shows that they can be profitable without counting on high margin model S/X.