Elon-Musk
With a net worth of over 20.6 billion USD (Forbes 2017), Elon is the founder, CEO, and CTO of SpaceX; a co-founder, Series A investor, CEO, and product architect of Tesla Inc.; co-chairman of OpenAI; and founder and CEO of Neuralink.

Tesla’s net income for Q1 was $16 million. Revenue came in at $5.99 billion—higher than the $5.8 billion and slight loss that had been expected.

Tesla’s earnings report paints a complex financial picture.

While it managed to eke out a GAAP profit, it also reported a negative free cash flow of $895 million in Q1. The company had previously targeted being free-cash-flow positive for 2020.

Tesla says it reached a new milestone as its Gigafactory New York exceeded 4 MW of Solar Roof production in a single week—enough for 1,000 homes.

On the storage front, Tesla deployed 260 MWh of storage capacity, up from 229 MWh in Q1 2019, but down from the quarterly record of 530 MWh set in October-December 2019.

  Q1 2020 Q1 2019 Q4 2019
Solar deployed (MW) 35 47 54
Storage deployed (MWh) 260 229 530
Derick Lila
Derick is a Clark University graduate—and Fulbright alumni with a Master's Degree in Environmental Science, and Policy. He has 8+ years of solar industry research, marketing, and content strategy experience.

DOE’s National Renewable Energy Laboratory (NREL) helps found consortium to boost solar perovskite commercialization

Previous article

Nautilus Solar closes $90 million debt financing with National Bank of Canada and Royal Bank of Canada

Next article

You may also like

Comments

Comments are closed.

More in News Watch