1st quarter results:
- Tesla sold 63,000 vehicles
- They lost $702 million
- Tesla had to use cash to pay the $920 million bonds due in March because the stock price was too low.
- Tesla expects to lose money in the 2nd quarter
- Tesla has $2.2 billion cash on hand
- Musk says it is time to raise capital (borrow even more money)
- Tesla will create their own insurance company
Those are the headlines, I'll have to dig deeper into the details.
EDiT:
- Semi is delayed until 2020. Batteries and motors to be built in Nevada. No comment on final assembly location.
- Tesla might build the Model Y in Fremont or Nevada - the decision will be made in a few weeks. This is a big deal because it means they haven't started building the assembly line yet.