earnings
confidence high
sentiment negative
materiality 0.80
Tesla Q2 revenue $25.5B (+2% YoY) but net income falls 45% to $1.48B; record energy storage 9.4 GWh
Tesla, Inc.
2024-Q2 EPS reported
$0.76
revenue$46,801,000,000
- GAAP diluted EPS $0.42 vs $0.78 YoY; non-GAAP EPS $0.52 vs $0.91.
- Automotive revenue $19.9B (-7% YoY); total deliveries 443,956 (-5% YoY).
- Record energy storage deployments 9.4 GWh; segment revenue $3.0B (+100% YoY).
- Operating margin 6.3% vs 9.6% YoY; includes $0.6B restructuring charges.
- Free cash flow $1.3B; cash + investments $30.7B, up $3.9B QoQ.