The Reset of Tesla's Share Price

Last year Q1 was obviously a tremendous quarter for Tesla 29.1% total gross margin almost a 33% automotive gross margin significant drop from where we're at today or last year. A big driver for that last quarter or last year was the $680 million in regulatory credits which is I think the biggest ever that Tesla is recognized so it's still a tremendous quarter excluding those things but it does also make the comparison look a little bit worse because I don't have nearly that amount in Q1 this year. So getting into operating expenses operating margin should be pretty straightforward this has been relatively predictable for Tesla over the last year and even before that it was a little more predictable than Wall Street was able