Actually listening to or reading the release from the Tesla 1st Qtr earnings call explained where the bulk of the $700 Million in losses for the quarter came from. The bulk was tied to building out the European markets and China for future product sales growth. What came with that was 10,600 $60k+ models that were in transit that were not added to the books at over $600M in revenues on boats to Europe and China.
Looking at Tesla EV profitability, Model S and X are over 20% profitable and Model 3 is close to 30% profitable.
Now with the sale of Maxwell complete, and the new dry electrode batteries that are 30% less to manufacture, can't burn, faster to manufacturer, with Zero cobalt, requiring much less space to manufacturer and offering an initial 30% battery density increase over the current Panasonic cells (these cells are already being tested in the New Roadster and Semi, and will be in the Pick-up and next gen pack for Model 3 next year), with a 90% incrase over current Panasonic battery cells in the near future, there is a big announcement coming.
Not only will Tesla leap even further forward with battery technolgy far surpassing anything the competitoin can offer, but they own it and can license it. So the belt tightening is about much more than just making cars, but preparing to rapidly ramping up Tesla's own highly profitable battery business, to support the car, solar, power storage businesses.
There is more...Ultracapacitors and Supercapacitors!
Just a few of Tesla's largest customers today:
What's happening at Tesla today is so huge that the 'market' is doing what it does, try and drive down the price as much as possible before the announcements happen, then profit off the rapid stock price increase.
Just do a little research and get up to speed...