Written by Cláudio Afonso | LinkedIn | X
Tesla published on Tuesday the earnings results from the second quarter reporting a revenue of $25.5 billion (vs $24.7 billion) while earnings per share (EPS) stood at $0.52 (vs $0.62 estimated).
The second quarter free cash flow was $1.34 billion versus consensus estimates of $1.92B.
In the second quarter, the company produced approximately 411,000 vehicles and delivered around 444,000 vehicles while a total of 9.4 GWh of energy storage products were deployed during the quarter, setting a new record for quarterly deployment.
Earlier today, Reuters reported that option data shows that Tesla shares could swing by nearly 10% in either direction by Friday. Immediately after the results were published, the stock was trading 2.04% lower in the after-hours session at $239 per share.
In the second quarter, we produced approximately 411,000 vehicles and delivered approximately 444,000 vehicles. We deployed 9.4 GWh of energy storage products in Q2, the highest quarterly deployment yet.
The stock closed 2.04 percent lower on Tuesday at $246.38 per share.
Last week, the company signed a contract with Intersect Power for 15.3 GWh of Megapacks, its battery energy storage system. The company said it will use Tesla’s Megapacks for solar and storage projects through 2030.
This contract marks the third one Tesla Energy signed in the last seven days after two other signings in Australia.
Written by Cláudio Afonso | LinkedIn | X
