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90.650 del
82.272 produced

While our main factory in Fremont was shut down for much of the quarter, we have successfully ramped production back to prior levels.

Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q2 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.
 
People are pricing in the prospect of S&P inclusion. The share movement is excellent, but be wary. Stick to a plan and set your stops.

I’m holding because there’s a lot of catalysts and a potential further short squeeze (we need to squeeze every penny from the haters). I just don’t want to see a lot of tears on the way down.
 
q2 pd.jpg



Looks like I was spot on with an inventory reduction of 8k vehicles, but all of us (Rob Maurer, @Troy , me) overestimated production by ~10k.

S+X deliveries are surprisingly strong imo. I did not expect over 10k S+X.