Tesla
for full year vehicle deliveries should comfortably exceed units due to ramp of model in shanghai and model in production will likely outpace deliveries this year both solar and storage deployments should grow at least in we expect positive quarterly free cash flow going forward with possible temporary exceptions particularly around the launch and ramp of new products we continue to believe our business has grown to the point of being self funding we expect positive net income going forward with possible temporary exceptions particularly around the launch and ramp of new products continuous volume growth capacity expansion and cash generation remain the main focus production ramp of model in has begun ahead of schedule model production in shanghai is continuing to ramp while model production in shanghai will begin in we are planning to produce limited volumes of semi this year volume cash flow profitability product outlook | Tesla
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January 2020
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10 of 26
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