Q2 GAAP profit would be huge, but does it even matter? The wording "breaking even is looking super tight" means S&P500 is almost inevitable after Q3.
After reading 2018/Q3 guidance most of us believed that S&P500 is around the corner. In the end we were probably lucky to wait this long. Joining the benchmark index at $1xxx is quite different than at $350. Imagine waiting for 2020/Q3 report and ~$1500 SP. Every extra $ means more forced purchases.
I still remember old great article by Papafox:
Tesla's Upcoming Inclusion In The S&P 500 Index | CleanTechnica. Most chapters are still valid, but what has changed in 19 months? SP is 3x. Most shorts have given up. FUD narrative doesn't control the SP anymore. We're in very different position now.
The later S&P500 happens the greater the shock.