edatoakrun said:=edatoakrun:
...And the revenue shortfall from lower sales could also result in even more doubt over TSLA's claim that "...it won’t need to tap the capital markets to finance its short-term expansion..."
All in all, good news. They do seem to gloss over the "net cash-flow positive" Q2-Q3 we heard about pre-Model 3 and now assess it as unlikely due to ramping up to an aggressive Model 3 production schedule. Non-GAAP losses are still dramatically lower though so they are improving efficiency.
They are maintaining guidance for 80,000+ vehicles by the end of the year.
Demand for Model S has increased since Model 3 debut.
GF is on schedule and Model 3 cell production needs won't eat into Tesla Energy needs.
93% of Model 3 reservers are new to Tesla.
Model 3 production plans moved up, with volume production in 2017.
So I guess I'll be disappointed with the inevitable slip to my Model 3 delivery date... 6 months earlier than I was planning. Win-win.
I would hope they wouldn't sit on the sidelines with all this demand and squander an opportunity to make big impact in EV adoption at a more affordable price point. Some cash infusion will help all of us get our Model 3's sooner.
I also expect a cap raise to help their stock price. It has every time in the past.