Comment on ALL significant trends, provide analysis for each section of the statement.

Tesla, Inc. Condensed Consolidated Statements of Operations (Unaudited) (In thousands, except per share data) Six Months Ended Three Months Ended March 31, 2017 June 30, 2016 June 30, June 30, June 30, 2016 2017 2017 Revenues $2,013,852 $2,035,060 $1,030,224 $4,048,912 $1,932,116 151,628527,304275,800 2,286,616 2,289,6001,181,852 4,576,216 2,207,9166 26,675 84,218408,887182,474 2,789,557 2,696,270 1,270,017 5,485,827 2,417,065 Automotive sales Automotive leasing 272,764 254,540 Total automotive revenue 286,780213,944 216,161 3,947500,724 Eneray generation and storage Services and other 192,726 Total revenues Cost of revenues Automotive sales Automotive leasing 1,472,578 1,496,649827,2312,969,227 1,540,380 2,051341,459148,218 1,648,011 1,662,675909,282 3,310,686 1,688,598 26,272 77,800 485,045 174,951 995,241 4,151,266 1,889,821 175,433166,026 Total automotive cost of revenues 151,773 203,762 271,169 213,876 8,159355,535 Energy generation and storage Services and other 2,122,9422,028,324 Total cost of revenues (1) Gross profit 666,615 667,946274,776 1,334,561 527,244 Operating expenses 191,664 691,814 374,146 Research and development (1) Selling, general and administrative (1) 369,774 322,040 537,757 603,455 321,152 1,141,212639,362 907,531 (240,916) (257,549)(238,040) (498,465) (486,264) Total operating expenses 925,495512,8161,833,0261,013,508 Loss from operations