Tesla says q1 eps attributable to common stockholders, basic (non-gaap) of $1.24
Tesla inc - qtrly eps attributable to common stockholders, basic (non-gaap) $1.24.tesla inc - operating cash flow less capex (free cash flow) negative $895m in q1 (of which $981m outflow due to inventory growth).tesla inc - q1 2020 was the first time in our history that we achieved a positive gaap net income in the seasonally weak first quarter.tesla inc - quarter-end cash and cash equivalents increased by $1.8 billion qoq to $8.1 billion.tesla says despite global operational challenges, we were able to achieve our 'best first quarter for both production and deliveries'.tesla inc - model y contributed profits, which is the first time in our history that a new product has been profitable in its first quarter.tesla inc - in quarter, capital expenditures increased sequentially mainly due to investments in model y preparations in fremont & gigafactory shanghai.tesla says remain confident in growing global production capacity as "quickly as possible".tesla inc - are on track to start the first model y deliveries from gigafactory berlin in 2021.tesla inc - continuing to invest in product roadmap, including improvements in technology, as well as localizing production in shanghai & berlin.tesla says believe we are well-positioned to manage near-term uncertainty while achieving our long-term plans.tesla says near-term profit guidance is currently on hold.
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