> Until the Model 3 is delivered, everything else is a distraction
Agreed - except to increase cash flow to get to build >500k Tesla 3 fast enough.
They're climbing a mountain of risk at this point. If the first T3 production year is too low in quality and/or quantity, the rest of the reservations could evaporate, especially as the rest of the industry is finally embracing electric.
A utility version of Tesla X could churn out some hard needed cash.