![]() Since the revised Model X has not yet been delivered, the figures mentioned were attributable to the Model S. TESLA Q2 DELIVERIES 2021 SERIESIt took them until Q2 to start producing the updated versions so that the second-quarter report listed 2,340 Model S/X built and 1,890 Model S/X delivered – Tesla never breaks down the individual models but combines the two large model series and the two smaller Model 3 and Model Y. While the Model 3 and Model Y were solely responsible for the previous delivery record in Q1 2021 with 184,800 vehicles, the Q2 record included the Model S and X again, whose revised versions Tesla presented at the end of January. In Q2 2021, Tesla set new records when delivering 201,250 electric cars to customers and built 206,421 vehicles between April and June. Still, the production and delivery figures which Tesla traditionally publishes ahead of its earnings call had suggested continued success. In addition, Tesla also lost on the Bitcoin market after the investment had proven successful in Q1. These positive impacts were partially offset by higher operating expenses such as ramping up the revised Model S and Model X and additional supply chain costs. Tesla said the increase was mainly due to volume growth and cost reduction. Operating margin measures how much profit a company makes on a dollar of sales. With success, it appears, as the company’s operating margin stood at 11%, up from 5.7% in Q1. Tesla financial figures follow Q2 production and delivery recordįor operations, Tesla said tonight, it had worked “extremely hard” to keep the factories in Fremont and Shanghai operating at capacity. Tesla is going from strength to strength here, having recorded a profit in now eight consecutive quarters with 2020 being their first profitable year since inception. In Q1, the Californian company had achieved the seventh quarterly profit in a row. Tesla said this was mainly due to lower costs as reported so that the trend continues. To compare, in the first quarter of 2021, Tesla generated revenue of 10.389 billion US dollars (around 8,593 billion euros) and a surplus of 438 million US dollars (around 362 million euros). Overall automotive revenues amounted to $10.21 billion, of which only $354 million came from sales of regulatory credits – less than in any other year. This is among a revenue of $11.96 billion, mostly made by selling cars. Tesla reported $1.14 billion in (GAAP) net income for Q2 – the first time it has surpassed $1 billion. The company also continues to produce at capacity, amid persisting global challenges and record demand for electric cars. The latest Tesla earnings call reveals a tenfold increase in net income as Tesla made over one billion dollars after expenses. ![]()
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