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The staggering run into this report lets go straight to phil lebeau with all the details. A beat on the top and bottom line and the beat on the bottom line is significant. Lets run through some of the numbers. Much better than expected earnings per share and its a fourth straight profitable quarter for tesla. 2. 18 is how much it earned in the Second Quarter the street was expecting three cents profit revenue just over 6 billion as i mentioned, a fourth straight profitable quarter for tesla. We know the significance of that it is the last hurdle the company needed to clear in order to be included in the s p 500. Lets drill down some numbers within the report that are going to get attention operating cash flow, 418 million. Automotive revenue was actually down it declined by 3. 4 in the quarter, not a surprise given the fact that you had the freemont factory shut down for five or six weeks. But the automotive regulatory credits rev ....
Cramer, david faber coming to you live from separate locations this morning its risk off following those onemonth highs from yesterday empire and retail sales for march were abysmal the worst on record. Below Expectations Oil below 20 earnings from citi, goldman, bank of america showed the major banks are, as expected, bracing for a wave of defaults some more than others when you look at the percentage of the total loan book at jpm and city. Jpm is the one that people decided wasnt that great. When i look at it, i think it had to do with tone. Jpmorgan, the crucial lines were something that were uttered by jamie, which were, look, may is not realistic. It will be june, july. The problem with basing everything on that is that you dont realize these banks are much more much better prepared than we thought you have a citi thats down from its tangible book value, its actual youll have multiples that are incredibly low because people ....
And praised for generations to come were really all working well together democrat, republican, conservative, liberal, were all working together this is not about parties. This is about our country. Now the American People are ready to rise to the occasion once again they are ready to show the world once more that americans can defeat any challenger. Together we will rebuild this land that we love, we will reclaim the magnificent destiny that we share, and we will carry our nation forward to new heights of greatness and glory i would now like to ask Vice President mike pence and dr. Birx to further explain the new guidelines i want to thank dr. Birx, i want to thank dr. Fauci, and i want to thank really especially a man who has devoted 24 hours a day to his task force and done such an incredible job, our great Vice Presiden ....