Tesla Motors continues to grow by closing the second quarter of 2021 with truly extraordinary results. The Californian manufacturer strengthens its leading role in the zero-emission four-wheeler sector with a very positive quarter that exceeds the company’s estimates. The second quarter of 2021, in fact, closed with over 1 billion dollars in net profit and a significant step forward compared to just over 100 million dollars recorded in the second quarter of last year.
Record results for Tesla
Tesla Motors has announced the financial results for the second quarter of the year, which ended last June. For the company they register revenues of almost 12 billion dollars with an increase of + 98% compared to last year’s data. The data of the‘Net income which reaches, in the quarter, quota 1.14 billion dollars, up from $ 104 billion last year. Note that earnings per share were $ 1.45 (analysts estimated $ 0.95 of adjusted earnings per share). For the first time since late 2019, Tesla’s profits are not tied to the sale of environmental credits to other automakers.
The global shortage of chips could slow the company down
Elon Musk confirmed that, due to the global chip shortage, there were some production stops. The problem remains serious and will continue in the coming months with possible effects on the accounts. The new Cybertruckmeanwhile, it could be delayed due to the long lead times of the new 4,680-cell batteries. Tesla has a Plan B for the use of 2170-cell batteries with suppliers that could double the production capacity.