<story><title>Q2 2020 Update</title><url>https://ir.tesla.com/static-files/f41f4254-f1cc-4929-a0b6-6623b00475a6</url></story><parent_chain><item><author>marc__1</author><text>Tesla posted positive free cash flow (CFO - capex) for 4 of the last 5 quarters (page 24) and it 
the only company with increase in # of deliveries among the 10 largest autos globally (page 7). 
Gross margins &amp;gt;20% is also best in class in the auto industry&lt;p&gt;The list goes on in terms of growth &amp;amp; profitability</text></item><item><author>itsoktocry</author><text>The difference in the narrative versus the financial data is stark:&lt;p&gt;Quarterly revenue has not shown any growth for nearly 2 years, despite introducing more models and expanding global deliveries.  Their sales of regulatory credits &lt;i&gt;this year&lt;/i&gt; is greater than all of the net income ever earned in their entire history.</text></item></parent_chain><comment><author>ckastner</author><text>&amp;gt; &amp;quot;The list goes on in terms of growth &amp;amp; profitability&amp;quot;&lt;p&gt;It better. Tesla has a market cap of 4x that of VW, a car maker with €256bn revenue and ~€17bn profit in 2019.&lt;p&gt;It is beyond me why anyone would buy this stock over VW, let alone pay 4x the price for it. Even if Tesla could put out &lt;i&gt;900K&lt;/i&gt; cars in a quarter instead of the current 90K, they&amp;#x27;d still not come even close to the competition is terms of financial success.&lt;p&gt;Tesla would need to utterly dominate the car market to live up to its current valuation. Dominate as in market share, not relative quarter-to-quarter growth.</text></comment>
<story><title>Q2 2020 Update</title><url>https://ir.tesla.com/static-files/f41f4254-f1cc-4929-a0b6-6623b00475a6</url></story><parent_chain><item><author>marc__1</author><text>Tesla posted positive free cash flow (CFO - capex) for 4 of the last 5 quarters (page 24) and it 
the only company with increase in # of deliveries among the 10 largest autos globally (page 7). 
Gross margins &amp;gt;20% is also best in class in the auto industry&lt;p&gt;The list goes on in terms of growth &amp;amp; profitability</text></item><item><author>itsoktocry</author><text>The difference in the narrative versus the financial data is stark:&lt;p&gt;Quarterly revenue has not shown any growth for nearly 2 years, despite introducing more models and expanding global deliveries.  Their sales of regulatory credits &lt;i&gt;this year&lt;/i&gt; is greater than all of the net income ever earned in their entire history.</text></item></parent_chain><comment><author>almost_usual</author><text>Off of credits though right? Also isn’t Tesla considered a “tech” stock by a lot of investors? A 20% gross margin is not good for a tech stock.</text></comment>