Aug 1 (Reuters) - Tesla Inc TSLA.O :
* CAPEX PROJECTION IN 2018 ADJUSTED TO <$2.5 BILLION
* $2.2B OF CASH AND CASH EQUIVALENTS AT Q2-END, EXPECTED TO GROW IN Q3 AND Q4
* QTRLY TOTAL REVENUE $4.00 BILLION VERSUS $2.79 BILLION REPORTED LAST YEAR
* QTRLY GAAP NET LOSS PER SHARE $4.22
* QTRLY NON-GAAP NET LOSS PER SHARE $3.06
* Q2 EARNINGS PER SHARE VIEW $-2.92, REVENUE VIEW $3.92 BILLION -- THOMSON REUTERS I/B/E/S
* EXPECTING TO PRODUCE 50-55K MODEL 3S IN Q3; DELIVERIES SHOULD EXCEED THAT
* MODEL 3 GROSS MARGIN TURNED SLIGHTLY POSITIVE IN Q2, EXPECTING ROUGHLY 15% IN Q3
* "WE EXPECT TO GROW OUR PRODUCTION RATE FURTHER IN Q3"
* EXPECT TO PRODUCE 50,000 TO 55,000 MODEL 3 VEHICLES IN Q3
* SEES AIM BEING TO PRODUCE 6,000 MODEL 3 VEHICLES PER WEEK BY LATE AUGUST
* MAJOR COST RESTRUCTURING EXECUTED IN Q2
* SAYS "WE AIM TO INCREASE PRODUCTION TO 10,000 MODEL 3S PER WEEK AS FAST AS WE CAN"
* TARGET OF DELIVERING 100,000 MODEL S AND MODEL X VEHICLES THIS YEAR REMAINS UNCHANGED
* HIGHER IMPORT DUTIES ON CHINESE COMPONENTS AND UNFAVORABLE CURRENCY MOVEMENTS ARE LIKELY TO CAUSE NEGATIVE PRESSURES
* TEAM PRODUCED ROUGHLY 7,000 MODEL 3, MODEL S AND MODEL X VEHICLES DURING THE LAST WEEK OF JUNE
* TOTAL VEHICLE OUTPUT OF 7,000 VEHICLES PER WEEK, OR 350,000/YEAR, SHOULD ENABLE TESLA TO BECOME "SUSTAINABLY" PROFITABLE FOR FIRST TIME
* SAYS EXPECT TO INCREASE MODEL 3 PRODUCTION OVER NEXT FEW QUARTERS BEYOND 6,000 PER WEEK, WHILE KEEPING ADDITIONAL CAPEX LIMITED
* SAYS BELIEVE MAJORITY OF TESLA'S PRODUCTION LINES WILL BE READY TO PRODUCE AT RATE OF 10,000 MODEL 3S PER WEEK BY END OF THIS YEAR
* DESPITE NEGATIVE PRESSURES DUE TO HIGHER IMPORT DUTIES ON CHINESE COMPONENTS, UNFAVORABLE CURRENCY MOVEMENTS, STILL EXPECT TO ACHIEVE GAAP PROFITABILITY IN Q3, Q4
* GA3 IS NOW EXPECTED TO REACH A PRODUCTION RATE OF 5,000 PER WEEK VERY SOON
* TO ADDRESS SHORT-TERM ISSUES WITH GA3, CO BUILT GA4 TO HELP CO REACH 5,000 UNITS PER WEEK TARGET EARLIER
* SAYS STILL HAVE TO INCREASE CAPACITY IN CERTAIN PLACES FOR TARGET OF PRODUCING 10,000 MODEL 3S/WEEK, WILL NEED SUPPLIERS TO MEET CAPACITY AS WELL
* AT THE END OF JULY, GIGAFACTORY 1 BATTERY PRODUCTION REACHED AN ANNUALIZED RUN RATE OF ROUGHLY 20 GWH
* SAYS EXPECT TO HIT PRODUCING 10,000 MODEL 3S/WEEK SOMETIME NEXT YEAR
* PRODUCED 53,339 VEHICLES IN Q2 AND DELIVERED 22,319 MODEL S AND MODEL X VEHICLES AND 18,449 MODEL 3 VEHICLES, TOTALING 40,768 DELIVERIES
* RECENTLY STOPPED TAKING MODEL 3 RESERVATIONS IN US AND CANADA AND MOVED TO A DIRECT ORDER SYSTEM
* SAYS TARIFFS ON VEHICLE IMPORTS TO CHINA WILL LIKELY HAVE SOME NEGATIVE IMPACT ON VOLUMES IN CHINA IN THE NEAR TERM
* EARLY RESULTS INDICATE THAT THE MODEL 3 TEST DRIVE-TO-ORDER CONVERSION RATE IS HIGHER THAN FOR MODEL S
* SAYS DO NOT EXPECT GLOBAL VEHICLE DELIVERIES TO BE HEAVILY IMPACTED BY TARIFFS ON VEHICLE IMPORTS TO CHINA
* CASH OUTFLOW FROM OPERATING ACTIVITIES IN Q2 2018 WAS $130 MILLION VERSUS OUTFLOWS OF $398 MILLION IN Q1
* SAYS EXPECT ENERGY BUSINESS REVENUE TO IMPROVE IN THE SECOND HALF OF THIS YEAR
* PART OF RESTRUCTURING COST IN Q2 WAS RELATED TO A REDUCTION IN WORKFORCE
* SAYS TOTAL GAAP OPERATING EXPENSES INCREASED TO $1.24 BILLION IN Q2; INCREASE WAS MAINLY DRIVEN BY A $103 MILLION RESTRUCTURING COST
* THERE WERE NO ZEV CREDIT SALES IN Q2 AS COMPARED TO $50 MILLION IN Q1
* IN SPITE OF RELATIVELY LOW SOLAR VOLUMES EXPECTED IN 2018, CASH FLOW FROM THIS BUSINESS SHOULD REMAIN NEUTRAL
* IN THE SHORT RUN, CO'S SOLAR VOLUMES SHOULD REMAIN RELATIVELY STABLE
* FOR REST OF THE YEAR, TOTAL NON-GAAP OPERATING. EXPENSES SHOULD REMAIN RELATIVELY STABLE AT Q2 LEVELS EXCLUDING RESTRUCTURING COSTS