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Tesla : reports record second quarter financial results

Tesla : reports record second quarter financial results

Tesla has for the first time achieved a turnover of one billion dollars for a quarter. With this performance, the American electric vehicle manufacturer has doubled its turnover compared to the previous quarter.

 

Earlier, Tesla delivered more than 200,000 vehicles in the second quarter, which drove its net profit. Indeed, the group’s net profit reached $1.14 billion from April to June, compared to $104 million in the same period in 2020, while its revenue amounted to $11.96 billion, the group said Monday in a statement.

 

It should be remembered that during 2020, the companies were hit hard by the Covid-19 pandemic and its restrictions.

 

The 201,250 vehicles delivered from March to June in the second quarter is an unprecedented score for the group, taking into account the shortage of electronic chips that still disrupts the automotive sector.

 

An uncertain future

 

However, group executive Elon Musk stressed that the situation regarding the shortage of semiconductors continues to be “quite serious”, “It’s complicated to say how long it will last because we can’t do anything about it ourselves.”  In an attempt to limit the damage, Tesla has decided to use other chip designs until the shortage is over.

See Also

 

Read also > TESLA LOBBIES INDIA FOR LOWER IMPORT TAXES

 

Featured photo : © James Duncan Davidson

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