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Some comments to the results: - Production was very limited in Q2 as the Freemont factory was completely down for quite some time. Getting the delivery count t
by _ph_ 6y ago
Some comments to the results:
- Production was very limited in Q2 as the Freemont factory was completely down for quite some time. Getting the delivery count they managed, was a small miracle, of course helped by the ramping up Shanghai factory. So making still a profit is a great result. If the factory does not get closed down in Q3, sale numbers should be quite a bit better.
- Yes, they certainly moved all profits they could legally book into Q2 to help the numbers, that is a quite normal practice, the booking rules set clear limits to what is possible.
- Tesla won't make huge profits however good the business will be going, as they are investing a lot into growth. They are still extending the Shanghai factory, building the Berlin factory and just announced in the earnings call, that they are starting to build the next factory in Austin, Texas. Tesla is going from 1 factory in 2019 to 2 in 2020 and possible 4 at the end of 2021.