- General
- July 22, 2020
- 3 minutes read
Brief: Tesla’s Q2 Results
Photo credit: Tesla Electric carmaker Tesla has announced its financial results for the second quarter of this year, indicating $6 billion…
Photo credit: Tesla |
Electric carmaker Tesla has announced its financial results for the second quarter of this year, indicating $6 billion in revenue and $104 million in net profit. Quarterly revenues are actually down 5% year-on-year but still quite impressive given the coronavirus pandemic caused Tesla to suspend operations at its main Fremont production facility for weeks. During the quarter, Tesla boosted its cash holdings by $535 million to add up to $8.6 billion.
Altogether in the second quarter, Tesla produced 82,272 vehicles but delivered a total of 90,891 vehicles. Model 3 and Y vehicles accounted for the majority of deliveries in the second quarter, coming at 80,277. Model S and X vehicles accounted for the remaining 10,614 deliveries.
Also during the second quarter, Tesla boosted the number of its Supercharger stations to 2,035, compared to 1,917 in the previous quarter.