Tesla earnings for Q2 2019 missed analyst expectations for revenue and earnings. Tesla cofounder JB Straubel will also be stepping down as CTO of the company. Tesla shares were down 10% after hours on the downbeat news. However Elon Musk had many positive things to say about Tesla's progress throughout the quarter and their advances in cutting Model 3 costs and building out the China gigafactory and preparing Fremont for Model Y which appears to be on track.
Despite the earnings miss, we found some interesting financial line items that show Tesla's business is quite healthy and is poised to do very well next year.
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