Tesla’s $11.958 Billion In Revenue Is Accelerating Our Transition To Sustainability

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Tesla just released its financial report for Q2 2021 and the numbers are larger than anticipated — proving that it has what it takes to help accelerate society to energy sustainability — Tesla’s mission. We knew its second quarter was going to be pretty impressive, since it sold out of vehicles early in the quarter. But this is still a positive surprise.

Tesla noted that its total revenue reflected a 98% year-over-year growth in Q2, and credited the achievement to the growth in vehicle deliveries. Tesla’s operating income improved in Q2 to $1.3 billion, which resulted in an 11.0% operating margin.

The company noted that this profit level was reached while incurring SBC expense attributable to the 2018 CEO award of $176 million in Q2, which was driven by a new operational milestone becoming probable. Tesla stated that its operating income was increase year over year due to volume growth and cost reductions.

Tesla’s quarter-end cash and cash equivalents decreased to $16.2 billion in Q2. This was mostly due to net debt and finance lease repayments of $1.6 billion, partially offset by the free cash flow of $619 million. All in all, Tesla’s doing well and paying its debts while revolutionizing many industries.

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Johnna Crider

Johnna owns less than one share of $TSLA currently and supports Tesla's mission. She also gardens, collects interesting minerals and can be found on TikTok

Johnna Crider has 1996 posts and counting. See all posts by Johnna Crider