Spectacular results for Tesla: Musk’s giant reports revenue of $ 1 billion in Q2, ten times above last year’s level, notes mediafax.
Tesla reported Q2 earnings at the end of Monday’s trading session, with shares up more than 2% in after-hours meetings in New York, according to CNBC, quoted by ZF.
The company posted net income of $ 1.14 billion between April and June, the first time it exceeded the $ 1 billion threshold. In Q2 / 2020, Tesla’s net revenue totaled $ 104 million.
In total, the car division’s revenue reached $ 10.21 billion, of which only $ 354 million, or 3.5%, came from regulatory loans, bought – according to the law in more than ten US states – by car manufacturers who do not fall into the sale of a certain number of zero-emission vehicles. The number falls below the last four quarters, but the gross margins of the car division were 28.4%, above the levels of the last four quarters.
Tesla sold 201,250 vehicles in the second quarter, during which time it produced 206,421 cars.
The company reported $ 801 million in revenue from energy businesses, including solar photovoltaic installations and energy storage systems for homes, businesses and utilities, up 60 percent from the first three months of the year.
Although Tesla does not disclose how many energy storage units it sells each quarter, CEO Elon Musk recently said the company could be able to produce 30,000 to 35,000 units in Q2, putting delays behind the global shortage of chips. .
So far (14:00), Tesla shares have risen 2.21% to $ 657.62, with the maker reaching a market capitalization of $ 633.51 billion. However, the company’s shares have been down by almost 10% since the beginning of the year.
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