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Looking forward, the company expressed confidence in achieving consistent cash flow positivity and profitability for each subsequent quarter. Musk conveyed that Tesla aims to maintain this trajectory while navigating potential economic downturns or unexpected operational challenges.
Gigafactory Developments
A particularly noteworthy topic was the discussion around Gigafactory 3 in China. Tesla’s leadership believes that they can develop this factory more cost-efficiently than Gigafactory 1, projecting that the capex for the Chinese plant could range closer to $2 billion rather than the $5 billion initially indicated for the first gigafactory. This reflects Tesla's commitment to scaling its production capabilities while reducing initial investment requirements.