Q2 Automotive gross margin increased to 20.6% GAAP and 21.0% non-GAAP
Model 3 gross margin turned slightly positive in Q2, expecting roughly 15% in Q3
Expecting to produce 50-55k Model 3s in Q3; deliveries should exceed that Major cost restructuring executed in Q2 $2.2B of cash and cash equivalents at Q2-end, expected to grow in Q3 and Q4 Capex projection in 2018 adjusted to <$2.5B