Categories AlphaGraphs, Earnings, Industrials, LATEST

Tesla (TSLA) Earnings: Q2 profit beats estimates on 98% revenue growth; stock gains

Electric car maker Tesla Inc. (NASDAQ: TSLA) reported strong second-quarter revenue and earnings that increased year-over-year and topped expectations.

Tesla Q2 2021 earnings infographic

At $1.45 per share, adjusted net income was sharply higher than $0.44 per share reported in the prior-year period. It was also above analysts’ forecast.

Reported net income, including special items, moved up to $1.14 billion or $1.02 per share from $104 million or $0.10 per share in the second quarter of 2020. The impressive performance reflects a 98% jump in revenues to $11.95 billion. Analysts were looking for a smaller top-line number.

Earlier this month, the California-based company said it produced 206,421 vehicles in the June quarter. Deliveries totaled 201,250 during that period.

Read management/analysts’ comments on Tesla’s Q2 report

After reaching a record high at the beginning of the year, Tesla’s stock withdrew and has traded almost flat since then. The stock closed Monday’s regular trading higher and gained further during the extended session soon after the earnings release.

Prior Performance

  • Tesla (TSLA) reports profit for Q2, despite lower revenues


Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock


Most Popular

UAL Earnings: United Airlines Q4 revenue Jumps; net loss narrows

Aviation giant United Airlines Holdings, Inc. (NYSE: UAL) reported a narrower net loss for the fourth quarter of 2021 as the company's revenues more than doubled during the period. The

Microsoft (MSFT), Activision (ATVI), Take-Two (TTWO), Zynga (ZNGA): Get ready for a new era in gaming

Over the past two weeks, the gaming industry has witnessed some key developments, namely the Microsoft-Activision and Take-Two Interactive-Zynga deals. These are major transactions that could herald a new era

Bank of America reports mixed Q4 results

Bank of America (NYSE: BAC) reported fourth-quarter 2021 financial results before the regular market hours on Wednesday. The banking giant reported Q4 revenue of $22.17 million, up 10% year-over-year, but

Add Comment
Viewing Highlight