Q12023Update1Highlights03FinancialSummary04OperationalSummary06VehicleCapacity07CoreTechnology08OtherHighlights09Outlook10Photos&Charts11KeyMetrics19FinancialStatements22AdditionalInformation28SUMMARYHIGHLIGHTS(1)ExcludesSBC(stock-basedcompensation).(2)Freecashflow=operatingcashflowlesscapex.(3)Includescash,cashequivalentsandinvestments.Profitability11.4%operatingmargininQ1$2.7BGAAPoperatingincomeinQ1$2.5BGAAPnetincomeinQ1$2.9Bnon-GAAPnetincome1inQ1Inthecurrentmacroeconomicenvironment,weseethisyearasauniqueopportunityforTesla.AsmanycarmakersareworkingthroughchallengeswiththeuniteconomicsoftheirEVprograms,weaimtoleverageourpositionasacostleader.Wearefocuse...
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