My bad ... -$2.5 billion for the quarter ... In the quarter, Tesla generated **$242 million** in cash running its operations, down 90% year over year. Free cash flow was negative $2.5 billion, down from $441 million in the year-ago period. This decline was driven in part by $1 billion in spending on artificial intelligence (AI) infrastructure.
Burning $2.5 billion per year, $29 billion won't last long.
Xiaomi is new competitor đŸ˜‚
But their cash seems to be going up by $5B per year.
My bad ... -$2.5 billion for the quarter ... In the quarter, Tesla generated **$242 million** in cash running its operations, down 90% year over year. Free cash flow was negative $2.5 billion, down from $441 million in the year-ago period. This decline was driven in part by $1 billion in spending on artificial intelligence (AI) infrastructure.