LDRHAWKE
Well-known member
- First Name
- John
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- Dec 24, 2019
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- Saint Augustine, Fl
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- Toyota FJ, GTS1000,FJR1300, Aprillia Scarabeo,
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- Retired Engineer
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- #166
Where? I don't see a URL or author.
-Crissa
Two URLs……bold print…click. The click on following topics….is this a joke?
Tesla Q2 2021 earnings results
The automaker has now released its Q2 2021 results and it shows a significant beat of both revenue and earnings expectations with revenue of $11.958 billion and earnings of $1.45 per share (non-GAAP).
Tesla was more profitable than expected this quarter:
It resulted in a strong free cash flow of over $600 million, but Tesla repaid $1.6 billion – resulting in a decrease of cash-on-hand:In the second quarter of 2021, we broke new and notable records. We produced and delivered over 200,000 vehicles, achieved an operating margin of 11.0% and exceeded $1B of GAAP net income for the first time in our history.
Tesla’s automotive gross margins have improved to 28% (25% without regulatory credits) this quarter with operating margin now reaching 11%.Quarter-end cash and cash equivalents decreased to $16.2B in Q2, driven mainly by net debt and finance lease repayments of $1.6B, partially offset by free cash flow of $619M.
We will be posting our follow-up posts here about the earnings and conference call to expand on the most important points (refresh the page to see the most recent posts):
- Tesla gives rare update on 4680 battery cell production: still some work to do
- Tesla delays Semi electric truck program over battery cell supply constraints
- Elon Musk explains how non-Tesla EV owners are going to be able to use the Supercharger network
- Tesla all but confirms Cybertruck production delay to 2022
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