A quick sidetrack to auto gross margins. Following the 10Q we learn that $TSLA sold an additional $137mm in credits that weren't ZEV. This brings the Model S&X gross margin to just around 25%, lower than the 26% estimated in Q2. pic.twitter.com/bZ5wIIWW4a

— Paul Huettner, CFA (@Paul_M_Huettner) November 2, 2018