Categories AlphaGraphs, Earnings, Technology

Tesla (TSLA) Q2 earnings drop and miss estimates; revenue rises

Tesla Inc. (NASDAQ: TSLA) announced results for the second quarter of 2024, reporting a decrease in adjusted earnings. The bottom line also fell short of analysts’ estimates.

Tesla Q2 2024 earnings infographic

The electric car giant said its second-quarter revenues increased 2% year-over-year to $25.5 billion. Revenues exceeded estimates. The company produced a total of 410,831 vehicles during the three months and delivered 443,956 units.

Adjusted earnings, excluding special items, dropped to $0.52 per share in the June quarter from $0.91 per share a year earlier and missed the Street view. Unadjusted net income was $1.48 billion or $0.42 per share in Q2, compared to $2.70 billion or $0.78 per share in the corresponding period of 2023.

Prior Performance

  • Tesla Q1 2024 earnings infographic
  • Tesla Q4 2023 earnings infographic

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