Financial Performance Overview:
- Revenue: $19.34 billion (QoQ: -24.79%, YoY: -9.23%)
- Gross Profit: $3.15 billion (QoQ: -24.55%, YoY: -14.69%)
- Net Income: $409 million (QoQ: -82.64%, YoY: -63.77%)
- EPS: $0.13 (Diluted: $0.12)
- Operating Income Margin: 2.06% (Reduced significantly from previous periods due to rising costs and declining sales).
Operational Metrics:
- Current Ratio: 1.996
- Return on Equity (ROE): 0.00548
- Free Cash Flow: $664 million
Management Insights: Management acknowledged challenges stemming from factory updates and reduced vehicle deliveries, while also expressing confidence in future growth avenues, particularly through robotaxi and energy solutions.