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Profitability: $359M GAAP operating income; 4.9% operating margin in Q4.

Operations: Model Y production ramp started in January 2020, ahead of schedule Increased Model Y all-wheel drive EPA range to 315 miles from 280 miles.

Summary: 2019 was a turning point for Tesla. It demonstrated strong organic demand for Model 3, returned to GAAP profitability in 2H19 and generated $1.1B of free cash flow for the year.

Cash: $930M increase in our cash and cash equivalents in Q4.

Revenue: In 2019, Tesla revenue growth was positively impacted by a strong increase in vehicle deliveries.

Tesla Business Report