Tesla’s revenue and net profit increased in the second quarter

Tesla announced its balance sheet for the second quarter of this year.

Consequently, the company’s revenue increased 47 percent in the second quarter of the year compared to the same period last year, reaching $24.9 billion. Tesla had revenue of $16.9 billion in the second quarter of 2022.

The electric car maker’s net profit also increased 20 percent in the second quarter of the year compared to the same period last year, to $2.7 billion. Tesla’s net profit was $2.3 billion in the same period last year.

The company’s earnings per share went from 76 cents in the second quarter of 2022 to 91 cents in the same period this year.

Tesla’s gross profit margin, which was 19.3% in the first quarter of the year, decreased to 18.2% in the second quarter of the year due to the company’s efforts to increase sales through price cuts.

INCREASE IN PRODUCTION AND DELIVERY

While Tesla produced 479,700 cars globally in the second quarter of 2023, it delivered 466,140 vehicles.

In this period, the company’s vehicle production increased by 86 percent annually and the number of vehicles delivered increased by 83 percent.

In a Tesla statement, it was claimed that the second quarter of the year was a “record” quarter for the company on many levels, with production and delivery figures and revenue approaching $25 billion in a single quarter.

“Given the macroeconomic environment we now find ourselves in, we are excited to be able to achieve these types of results,” the statement said. the evaluation was done.

“The challenges of these uncertain times are not over, but we believe we have the right ingredients for long-term business success through a variety of high-potential projects.” expressions were used. (AA)