Tesla recorded its highest performance and profit in the second quarter despite the global supply chain crisis of semiconductors for vehicles.
Tesla posted a net profit of $1.14 billion in the second quarter on the 26th (local time), up more than 10-fold from a year earlier ($14 million). It is the first time in history that quarterly net income has surpassed $1 billion.
During the same period, sales reached $11.96 billion, nearly doubling from a year earlier ($6.04 billion). This is higher than the estimated $11.3 billion on Wall Street compiled by financial information company Refinitive.
In the electric vehicle sector, it generated $10.21 billion in sales, and the portion of sales earned by selling regulatory credits granted to carbon-free companies has been drastically reduced to $354 million.
Tesla produced 20,6421 electric vehicles in the second quarter and supplied 20,1250 electric vehicles. The number of supplies more than doubled from the previous year’s (9891 units), surpassing the previous record of 184,800 units set in the previous quarter.
Total margin in the auto sector was 28.4 percent, the highest among the previous four quarters.
However, Bitcoin’s market price, which invested 1.5 billion dollars at the beginning of the year, continued to decline, recording a loss of 23 million dollars.
Regarding its second-quarter performance, Tesla said that operating profit increased due to sales of electric vehicles and cost reduction, offsetting auto parts supply chain costs, lower regulatory credit sales, and $23 million in bitcoin investment losses.
Tesla said in a letter to investors on the same day, “We will postpone the launch schedule of the electric truck ‘Tesla Semi’ until next year due to limited availability of battery cells and global supply chain issues.”
Tesla shares rose 2.21 percent from the battlefield to close at $657.62 on the same day, and rose 1.16 percent in overtime trading.
