Tesla in April-June 2021 received a record quarterly profit of $1.14 billion, or $1.02 per share, against $104 million, or $0.10 per share, in the second quarter of 2020. At the same time, the company's revenue almost doubled to $11.96 billion (a year ago it was $6.04 billion).
Even if you subtract the sale of carbon dioxide emissions to other automakers, Tesla's second quarter results are profitable, writes Reuters. In previous periods, the main activity brought the company a loss, which was covered by the sale of CO2 quotas.
Tesla's 2021 production volumes continue to be constrained by a global chip shortage. The company is trying to solve this problem, negotiations with suppliers are being held even late at night, Tesla CEO Elon Musk said.
Tesla's financial performance was boosted by strong demand for its electric cars, higher prices, and a reduction in internal costs, according to Reuters.
According to corporate plans, the head of the company, Elon Musk, spoke as follows: the release date for the Semi electric tractor was postponed to 2022, and the test production of Model Y electric crossovers at a car plant under construction in Germany will start at the end of 2021. Launch dates for the long-awaited Cybertruck pickup and next-generation highly efficient batteries have not been specified.
Tesla ended its eighth consecutive quarter with net and adjusted earnings.
Tesla reports record profit
