W2 2018 Results

I can't believe nobody has been posting about the results! Full results are here: http://ir.tesla.com/static-files/7235e525-db16-470c-8dce-9ecac0ad7712

Revenues are good, cash is acceptable and better than expected, profit is... elusive. I'm wondering what people think about the gross profit in the report (profit before R&D, administration, etc.), which is growing compared to last quarter but still below year-ago levels when they had much lower revenue. Is this an artifact of production ramping up late in the quarter? Here's a screenshot of the gross profit, discuss!