Tesla reported stronger-than-expected second-quarter results, with record earnings of $1.1 billion.
This is more than double the $438 million generated in the first quarter and more than ten times the net income announced a year ago, in response to fierce criticism from investors who are pessimistic about stocks due to stock growth. The result of Tesla.
In particular, Tesla does not rely on selling regulatory loans to other automakers to obtain its blockchain profits. These loans generated only $354 million in revenue during the quarter. Even if Tesla reported positive adjusted earnings in the previous quarters, earnings depended on selling loans to competitors who had to buy loans to meet stricter environmental standards. Critics have long criticized Tesla for this, saying that the company does not make money by selling cars.
The company's most closely monitored revenue rose to $1.6 billion, far better than analysts' expectations of $1.1 billion, and also surpassed the previous record profit of $1.1 billion. the first season. The revenue of US$12 billion also greatly exceeded the forecast of US$11.3 billion.
Summonses for Cybertruck.
Several other well-known automakers, such as Ford (F) and General Motors (GM), want to sell their own electric trucks, so Tesla is under pressure to bring its first truck to the market. He expects to "mass production" cyber trucks in 2022.
"This is a brand new architecture. It will be a great product. I think this may be our best product," he said. "But there are a lot of groundbreaking design concepts... so problems may arise because there are so many new areas."
In a recent tweet, he stated that Tesla will open its network of super charging stations to electric vehicles from other automakers later this year. Although he has no detailed information yet, he said that this will reduce the cost of charging for Tesla customers. In line with the company's overall mission-to transform the world from gasoline-powered vehicles to electric vehicles.
"Our goal is to support the emergence of sustainable energy," he said. "It's not about creating a walled garden and beating our competitors. This is sometimes used by some companies."
Although Musk believes that full offline subscriptions will generate considerable revenue next year, "Now...does it make sense to subscribe to FSD? I think this is a controversial issue."
0 Comments