Enterprise financial report

In 2021, Tesla’s revenue in Q2 was USD 6.036 billion, with a year-on-year increase of 98% From Tesla earnings

The following is the In 2021, Tesla’s revenue in Q2 was USD 6.036 billion, with a year-on-year increase of 98% From Tesla earnings recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report.

  In the early morning of July 27, Beijing time, Tesla Motors announced its second quarter financial report of fiscal year 2021 today. The report shows that Tesla motor’s revenue in the second quarter was US $11.958 billion, an increase of 98% over US $6.036 billion in the same period last year; The net profit was US $1178 million, compared with us $129 million in the same period last year; The net profit attributable to common shareholders was US $1.142 billion, an increase of 998% compared with the net profit attributable to common shareholders of US $104 million in the same period last year.

Tesla’s second quarter revenue and adjusted earnings per share far exceeded Wall Street analysts’ expectations, driving its after hours share price up more than 1%.

Main achievements:

In the fiscal quarter ended June 30, Tesla’s net profit was $1178 million, compared with $129 million in the same period last year.

Tesla Motors’ net profit attributable to common shareholders in the second quarter was $1.142 billion, an increase of 998% compared with the net profit attributable to common shareholders of $104 million in the same period last year; Diluted earnings per share attributable to common shareholders was $1.02, an increase of 920% compared with diluted earnings per share attributable to common shareholders of $0.10 in the same period last year.

Excluding some one-time items (not in accordance with U.S. GAAP), Tesla’s adjusted net profit attributable to common shareholders in the second quarter was $1.616 billion, compared with $451 million in the same period last year, a year-on-year increase of 258%; The adjusted diluted earnings per share was $1.45, compared with $0.44 in the same period last year, a year-on-year increase of 230%, which far exceeded analysts’ previous expectations. According to the data provided by Yahoo Finance Channel, 20 analysts had expected Tesla’s adjusted diluted earnings per share to reach $0.96 in the second quarter.

Tesla motor’s revenue in the second quarter was $11.958 billion, an increase of 98% over $6.036 billion in the same period last year, which also exceeded analysts’ previous expectations. According to the data provided by Yahoo Finance Channel, 20 analysts had expected Tesla’s revenue to reach $11.21 billion in the second quarter.

Tesla motor’s revenue from the automotive business in the second quarter was $10.206 billion, an increase of 97% compared with $5.179 billion in the same period last year, compared with $9.002 billion in the previous quarter. Among them, Tesla motor’s revenue from automobile sales business in the second quarter was US $9.874 billion, compared with us $4.911 billion in the same period last year, compared with us $8.705 billion in the previous quarter; Revenue from the car rental business was $332 million, up from $268 million in the same period last year and $297 million in the previous quarter. The gross profit margin of Tesla’s automobile business in the second quarter was 28.4%, an increase of 298 basis points compared with 25.4% in the same period last year and an increase compared with 26.5% in the previous quarter.

Tesla motor’s revenue from power generation and energy storage business in the second quarter was $801 million, up from $370 million in the same period last year and $494 million in the previous quarter.

Tesla Motors’ revenue from services and other businesses in the second quarter was $951 million, up from $487 million in the same period last year and $893 million in the previous quarter.

Automobile production and other financial information:

Tesla’s total automobile production in the second quarter was 206421, an increase of 151% over 82272 in the same period last year, compared with 180338 in the previous quarter. Among them, the output of model s and model x models was 2340, down 63% from 6326 in the same period last year, compared with zero in the previous quarter; The output of model 3 and model y models was 204081, up 169% from 75946 in the same period last year, compared with 180338 in the previous quarter.

Tesla Motors delivered 201304 vehicles in the second quarter, up 121% from 90891 in the same period last year, compared with 184877 in the previous quarter. Among them, the delivery volume of model s and model x models was 1895, down 82% from 10614 in the same period last year, compared with 2030 in the previous quarter; The delivery volume of model 3 and model y models was 199409, an increase of 148% over 80277 in the same period last year, compared with 182847 in the previous quarter.

Tesla Motors’ total gross profit in the second quarter was $2.884 billion, an increase of 128% compared with $1.267 billion in the same period last year, compared with $2.215 billion in the previous quarter. Tesla Motors’ total gross profit margin in the second quarter was 24.1%, an increase of 313 basis points compared with 21.0% in the same period last year and an increase compared with 21.3% in the previous quarter.

Tesla motor’s operating profit in the second quarter was $1.312 billion, an increase of 301% compared with the operating profit of $327 million in the same period last year, while the operating profit in the previous quarter was $594 million. Tesla Motors’ operating profit margin in the second quarter was 11.0%, an increase of 555 basis points from 5.4% in the same period last year and an increase from 5.7% in the previous quarter.

Tesla motor’s operating expenditure in the second quarter was $1.572 billion, an increase of 67% compared with $940 million in the same period last year, and a decrease compared with $1.621 billion in the previous quarter. Among them, R & D expenditure was $576 million, compared with $279 million in the same period last year and $666 million in the previous quarter; Sales, general and administrative expenses were $973 million, compared with $664 million in the same period last year and $1056 million in the previous quarter; Restructuring and other expenses were $23 million, compared with zero in the same period last year, while restructuring and other income in the previous quarter was $101 million.

Tesla Motors’ net cash from business operations in the second quarter was US $2.124 billion, compared with us $964 million in the same period last year, a year-on-year increase of 120%; In contrast, net cash from business operations in the previous quarter was $1.641 billion. Tesla motor’s capital expenditure in the second quarter was US $1505 million, compared with us $546 million in the same period last year, with a year-on-year increase of 176%; In contrast, capital expenditure in the previous quarter was $1.348 billion.

Tesla’s free cash flow in the second quarter was $619 million, up 48% from $418 million in the same period last year, compared with $293 million in the previous quarter. As of the end of the second quarter, the total amount of cash and cash equivalents held by Tesla Motors was US $16.229 billion, an increase of 88% compared with us $8.615 billion in the same period last year, but lower than US $17.141 billion as of the end of the previous quarter.

Outlook:

Tesla said the company plans to expand its manufacturing capacity as soon as possible. In the next few years, Tesla expects the average annual growth rate of its vehicle delivery to reach 50%. In some years, the growth rate may be faster, and it is expected to grow faster in 2021. Tesla said that the growth rate will depend on equipment capacity, operational efficiency and the capacity and stability of the supply chain.

Tesla said that the company has sufficient liquidity to fund its product roadmap, long-term capacity expansion plan and other expenses.

Tesla expects that the company’s operating profit margin will continue to rise over time; With the implementation of capacity expansion and localization plan, its operating profit margin will continue to reach the industry-leading level.

Tesla said that it believed that it could still manufacture the first model y car at its factories in Berlin and Austin in 2021 as planned. The successful introduction of many new products and manufacturing technologies, continuous challenges related to the supply chain and regional licensing will affect the production speed of the two plants. In order to better focus on these plants, as well as due to limited battery supply and global supply chain challenges, the company has postponed the start-up time of semi truck plan to 2022. In addition, Tesla has also made progress in the industrialization of cybertruck, which is currently planned to be produced at the Austin plant.

Changes in share price:

Tesla shares rose 14.62% to close at USD 657.7 in regular trading. In the subsequent after hours trading as of 4:28 p.m. Eastern time on the 26th (4:28 a.m. Beijing time on the 27th), Tesla’s share price rose again by $6.88 to $664.50, or 1.05%. In the past 52 weeks, the highest price of Tesla is $900.40 and the lowest price is $273.00.

Read more from Sina Technology: Tesla financial report: Tesla’s net loss of $710 million in Q1 in 2019 narrowed by 1% year-on-year. Tesla financial report: Tesla’s net profit of $104 million in Q2 in 2020 reversed its loss year-on-year. Tesla financial report: Tesla’s loss of $75 million in Q3 in 2014 increased by 97% year-on-year. Tesla: Tesla’s profit of $721 million in 2020. Tesla’s first annual profit: Q2 in 2015 Tesla’s net loss was $184 million, a year-on-year increase of 197%. Tesla’s financial report: Tesla’s net loss in Q1 in 2015 was $154 million, a year-on-year increase of Tesla’s financial report: Tesla’s net loss in Q3 in 2015 was $230 million, a year-on-year increase of Tesla’s financial report: Tesla’s net loss in Q3 in 2017 was $619.4 million, which was greater than analysts’ expectations. Tesla’s financial report: Tesla’s net loss in Q2 in 2016 was $293 million, a year-on-year increase of Financial report: 14370 Tesla shipments in Q2 in 2016 were lower than expected. Tesla financial report: Q3 Tesla delivery in 2016 increased by more than 70% month on month. Tesla financial report: Q3 Tesla’s net profit in 2016 was $22 million, reversing Tesla’s loss year-on-year. Financial report: Q1 Tesla’s net loss in 2014 was $49.8 million. In 2016, Tesla’s revenue in China exceeded $1 billion, accounting for more than 15%. Tesla financial report: Q3 Tesla in 2013 The revenue was $431 million and the net loss was $38.5 million

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