Tesla publishes business figures for Q2/2022

Tesla publishes business figures for Q2/2022

Tesla presented its results for the second quarter of 2022 on Wednesday evening after the US market closed.

The company posted earnings of approximately $2.3 billion for the most recent quarter, an increase of 98% over the prior year. This increase exceeded analysts' expectations and led to an after-hours increase in the share price.

Surprisingly, Tesla reduced its position in Bitcoin by 75%, increasing its cash position by $936 million. According to Elon Musk, however, the sale was not intended to boost profits, but to secure liquidity in the face of the lockdown in China and the associated uncertainty. Gross margin of 27.9% is lower than all four previous quarters.

Automotive division sales increased 43% year-on-year to $16.9 billion, and overall production increased 25%. The increase in Model S and Model X production by 601% is particularly striking. Model 3 and Model Y production increased by 19% compared to the previous year, but is down compared to the last two quarters. In the Gigafactory in Grünheide, production has meanwhile been increased to 1,000 cars a week and the plants in Fremont and Shanghai were also able to achieve the months with the highest production figures to date in the last quarter. Other areas such as energy storage solutions and solar systems were also able to increase by 11% and 25% respectively compared to the previous year.

For the next few months, Tesla is forecasting a “record-breaking” second half. In addition, the company continues to anticipate a 50% annual increase in shipments.

In our online shop you will find our sustainable 2befair rubber mats

for the Tesla Model 3 & Model Y, but also other

great accessory for your Tesla.

Shop4Tesla Logo
Shop4Tesla Logo

Are you looking for accessories for your Tesla?

Then be sure to check out our online shop.
With the discount code News4Tesla you get a 10% discount.
We look forward to your visit!
<transcy>Breaking News</transcy>