1) $TSLA Great top line and free cash flow (FCF of $1.9B was double what the Street was looking for). While EPS looked bad, $0.80 vs. $1.01 expected, it was due to stock-based compensation which went from $400m to $633m quarter over quarter.

2) Biggest negative was auto gross margin ex credits of 20.7% vs Street at 24.2%. #Tesla is getting more aggressive on price to win market share, that’s why margins dipped. Negative for today, good for the long term given EV market is nascent.

3) Energy generation and storage revenue up 72% in Dec quarter, compared to 44% in June and 1% in March. This segment's growing revenue in pace with overall revenue.

4) #Tesla ended the quarter with $19.4B in cash, up from $14.5B in Q3.

5) The company reiterated it's 50% average annual delivery growth rate over a "multi-year horizon," but expect 2021 deliveries to be grow greater than 50%.

6) Tesla Semi deliveries are expected in 2021, marking the company's entrance into the commercial market. Long, straight highway trips are a good fit for autonomy.

7) Last but not least, a Model S refresh is coming (we’ve been waiting for 2 years), with a futuristic looking steering wheel. #Tesla is forward thinking and masterful in its design.