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Episode 403: Q1 Earnings Call Recap, Highlights, and Analysis
Ride the Lightning: Tesla Motors Unofficial Podcast
Tesla's Q1 Q1 Results
Q1 was all about cost and quality. We made significant improvements in both areas. On Texas, production increased 50%. Kato peak rate increased by 20%. Altogether the team accomplished a 25% reduction in COGS over the quarter. And we are on track to achieve steady state cost targets over the next 12 months.
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