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Tesla reported a significant negative free cash flow of $2.53 billion in the first quarter, contrary to the expected positive $653.6 million. This financial shortfall has been attributed to a decrease in production at Gigafactory Shanghai and disruptions at other facilities. The Fremont factory faced challenges due to the early phase of the production ramp of the updated Model 3, and the Gigafactory Berlin was impacted by shipping diversions related to the Red Sea conflict and an incident of arson.
TESLA: PRODUCTION AT GIGAFACTORY SHANGHAI DOWN SEQUENTIALLY
Tesla Earnings Are Out: The negative free cashflow is $2.53 Bn vs positive expectation of $653.6 MM Now we know why Tesla is cutting costs aggressively The business has highed fixed costs and needs volume (operating leverage) by selling units margins be damned If demand is… https://t.co/r5H16DcDjf
*TESLA COST REDUCTION INCL REDUCING COGS PER VEHICLE 1Q NEG FREE CASH FLOW $2.53B, EST. POSITIVE $653.6M PRODUCTION AT GIGAFACTORY SHANGHAI DOWN SEQUENTIALLY $TSLA
