Tesla reports record $1.14B in second quarter net income

United Press International (UPI) | Jul 27, 2021 at 5:51 AM
  • Tesla exceeded analysts’ expectations in the second quarter as it reported a record net income on Monday of more than $1 billion for the first time.
  • Tesla also reported earnings of $1.45 per share, exceeding analysts’ expectations of 98 cents, along with $11.96 billion in revenue, above the $11.30 billion expected.
  • Automotive revenue totaled $10.21 billion, including $345 million from sales of regulatory credits as it delivered 201,250 electric vehicles and produced a total of 206,421 vehicles.