Patrick K. Archambault – Goldman Sachs: Good evening. I aaa…just a couple ones here. Amm, you know, just aaa…amm…you know, in terms of the cadence of aaa…of some of the OpEx items, I mean, maybe just like R and D specifically, amm…you know, Deepak aaa…and you know, you described how there’s a sequential increase amm…of thirty percent. Amm, you know, can you – I guess the first part of my question is, you know, how do we think about it aaa…you know, trending in the back half? And then, you know, sort of longer term, amm…you know, how do we see that as an expense as we sort of model out over the next couple of years? You know, I…I…I think best-in-class, you know, vehicle producers probably have that in the mid-single digits as a percentage of sales, but you know, just given your growth profile would probably be higher. Can you help us just dimensioning to…to…to just dimension that just as we think about our forward modeling?
Deepak Ahuja: Yeah, amm…as time aaa…in future quarters as we go towards the end of the year and aaa…potentially next year early as Model X aaa…development is behind us, amm…I would expect some aaa…reduction in R and D spending, and then of course Gen three will pick up and other products that we start working, but you know, broader point of percentage of revenue, we clearly see that as aaa…revenue is going to pick up significantly, the percentage of revenue of R and D expenses is gonna be aaa…I expect aaa…in the single-digits aaa…with a high-single-digits clearly. So, I think we won’t to be too far away in that sense from amm…some of the other, I would say more growth oriented companies, don’t want to just bet it against automotive, because we will be doing more R and D in general.
Elon Musk: Absolutely.
Patrick K. Archambault – Goldman Sachs: Aaa…Okay, great.
Elon Musk: In fact I…I think R and D is maybe more limited by the phase, which we can cre…cre…create in general how to integrate to the companies rather than, you know, sometimes budget. Yeah.
Patrick K. Archambault – Goldman Sachs: Yeah. Sure. Okay, that’s helpful. And then amm…you know, just as we think about the cadence of amm…of…of deliveries, you know, which is obviously very back-half loaded, amm…but you know, you’re…you’re…you’re obviously, you know, confident in the thirty five. Amm, can we just get like a little bit more clarity as to sort of what’s driving amm…you know, sort of the…the back-half inflection? Is that, you know, cell capacity, is it that second, excuse me that second production line coming on? Amm, is it just…you know, it seems like it’s more supply-driven than demand-driven, but just wanted to, you know, get a little more clarity on…on…on what’s driving that sequential progression?
Elon Musk: Aaa, yeah. The…the main thing in the first half of the of the year and that’s something actually I mentioned I think aaa…la…last…last year is that the…for the first of this year we’re constrained by cell supply. Amm, we expect that to I mean, it is in the process of alleviating and we expect that to really amm…really start alleviating in…in the third quarter basically. Amm, and…and there’s obviously a bit of a late because the cells coming from Japan. They’ve got it produced and port on the water and port over here and that kind of thing. Amm, thu…thu…thus far from what we see that you have things on track to aaa…have cells [unclear]…you know, be able to at…at least meet the…but probably exceed by little bit the thirty five thousand aaa…in targeted deliveries. And our production number absolutely higher than that aaa…aaa…aaa you know company’s growing quite a bit of nickel that will be aaa…only to best countries.
Amm, so…and then, the benefit of other constrainers, which is [unclear]…which is the amm…vehicle production line. Aaa, so it actually will actually be taking the…the factory – the Fremont factory down for aaa…roughly days or so in July to convert inline, which enables a substantial increase and aaa…our production capacity on the vehicle side, aaa…as well as a aaa…labor house reduction. So…so it’s just fundamentally more…more efficient process. Amm, yeah, the…the…if it is worth highlighting the point. Very often, aaa…in the media, it seems like there’s confusion between aaa…Tesla production and Tesla demand [unclear]. But amm… you know for example, like although…like we’re sold of Q two production, already. Amm, the aaa…it…it’s a….but…but…but…but…but…but the…but the term sales usually means demand, but in our case sales means deliveries. Aaa, it’s our measure of demand, it’s a measure of how many cars we’re actually able to get to customers. If we had been better at production and delivery would have little bit more cost.
Operator: Thank you.
Patrick K. Archambault – Goldman Sachs: Okay, thanks.
Elon Musk: Okay.
Patrick K. Archambault – Goldman Sachs: Thank you guys.
Operator: Our next question comes from Colin Rusch with Northland Capital Markets. Your line is open.
Colin Rusch – Northland Capital Markets: You know, with the Model X, you know previously you talked about going into production before the end of twenty fourteen. Can I just understand exactly, you know, what you’re saying with the…the prototypes being done amm…by the end of the year versus production, and…and how we should think about that relative to the previous comments?
Elon Musk: Amm, yeah, there’s no question we’re delayed on the Model X, although that’s I wouldn’t say particularly new information. Amm, so the…aaa…relative to our earlier forecast, aaa…we…we had to spend a lot more time making sure we got the Model S right, amm…and amm…it took longer to get to some of the international markets and aaa…in [unclear]. Amm, we…it just didn’t make sense for us to be focusing on Model X if we didn’t have model…our Model S house in order. Amm, the aaa…no…I think we’re in…in pretty good shape on the S front, so our focus is very heavily on the X, amm…and just making sure it’s a phenomenal product. Aaa, and aaa…we…we expect to be varying production cars roughly Q two next year.
We’ll have…we’ll have aaa…the production design articles, I guess beta articles or you know aaaa…production-release candidates at…at…around the end of this year. Amm, but we want to make sure we’ve got a decent period of validation with the… with those release-candidate vehicles, aaa…because the…the production ramp for Model X will be much greater than for S, so much deeper. Amm, so with S we have quite a shallow production ramp, start off real slow and as we encountered issues we were able to correct them without having a large number of cars in production on the roads.
With X it’s gonna be sharp ramp, which means we really need to make sure that we’ve properly validated issues and aaa…and…and…and…and made sure in all temperatures and climates, and aaa…road types that…that the car is really solid before ramping up production. Otherwise, you know, we would risk having a recall or a bad customer experience.
