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Blog Tesla’s Q2 Net Income Hits $1B

May 19, 2017
1,328
567
Tesla reported strong earnings Tuesday after a record quarter of production.



The electric automaker beat expectations in Q2 with revenue of $11.958 billion and earnings of $1.45 per share (non-GAAP). During the quarter ending June 30, 2021, the company said it delivered 201,250 electric vehicles and produced 206,421 total vehicles.



Tesla’s operating income improved in Q2 compared to the same period last year to $1.3 billion, resulting in an 11.0%operating margin. It’s the first time the company’s quarterly net revenue has hit $1 billion.



According to the company’s Q2 update:



Total revenue grew 98% YoY in Q2. This was primarily achieved through substantial growth in vehicle deliveries, as well as growth in other parts of the business. At the same time, vehicle [average...

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Electric700

Active Member
May 21, 2013
1,758
435
Florida, United States
This is very good news! I understand Elon Musk wants to get off most of those calls for the future, but they are very important. Perhaps he can just stay for 15 minutes and hand the rest of the session over to the Tesla executive team.
 

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