The electric car maker reported a net loss of $1.33 a share on Wednesday after the close trading, well shy of the 81 cents a share loss Wall Street expected. Total revenue clocked in at $2.7 billion, topping analyst projections for $2.62 billion.
Shares of Tesla fell 5 percent to $295.46 in trading Thursday despite the the company reiterating that it still sees deliveries of 47,000 to 50,000 in the first half.
Here is what else caught TheStreet's attention.
Tesla is still burning a lot of cash.
The company burned through about $69 million in cash during the quarter. Morgan Stanley recently said Tesla may burn through $3 billion in cash over the next three years, forcing it to possibly raise cash.
Tesla is still making bold promises.
Tesla sees Model 3 production reaching 5,000 vehicles per week at "some point" in 2017, and then moving to 10,000 vehicles per week at "some point" in 2018. On a conference call, Tesla's CEO Elon Musk said the second quarter will be "great."
Tesla is pushing ahead with stores.
The company said it plans to open 100 retail, service and delivery locations worldwide this year, up nearly 30 percent from a year ago.
Here comes mobile repair trucks.
Taking a page out of AAA, Tesla will add 100 mobile repair trucks in the second quarter.
Talk about acquisition integration.
Tesla said it has tested selling some of SolarCity's solar products inside its Tesla dealerships. Now that's finding deal synergies.
A red flag presents itself.
Tesla saw its customer deposits fall for the second straight quarter, with a drop of 7 percent sequentially. Musk tried to brush aside analyst concerns that Tesla was experiencing cancellations due to people waiting for the Model 3 release in July. But, Musk did acknowledge some "confusion" among consumers between the Model 3 and the Model S, and promised to have the issue corrected within the coming weeks.
Elon Musk still wants to do pickup trucks.
Musk hinted that the unveiling of Tesla's semi truck in September will be closely followed by a pickup truck. In April, Musk said Tesla wanted to release an electric pickup truck sometime within the next two years.
"It's obvious we can do a pickup truck," Musk said on Wednesday, suggesting the semi truck reveal was more important given how much diesel is used by the trucking space.
Musk thinks Tesla could have one insane market cap.
When asked about an older comment about reaching a $700 billion market cap, Musk said he sees a pretty clear path but he "could be delusional." Tesla will need to get incredibly good at building the "machine that builds the machine."
It will also probably take massive outside investment that dilutes the stock temporarily and makes reaching a $700 billion market cap a pipe dream.
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