That's because their cash burn declined dramatically. Cash burn is the primary threat to their business today.

The path they're on now, puts them to near profitable by the end of the year. That's while simultaneously missing the old Model 3 forecast by a mile. They're forecasting 5k Model 3s produced per week in the second quarter. Assume that production rate is further delayed until the fourth quarter, they'll still be near break-even on their cash burn rate.