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Tesla (TSLA) releases Q2 earnings: Hero or zero?
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Tesla confirmed that it reached Q2 expectations with EPS $0.91 (+20% YoY, non-GAAP) and revenue of $24.93 billion (+47.4% YoY). Gross margin Show More
Tesla confirmed that it reached Q2 expectations with EPS $0.91 (+20% YoY, non-GAAP) and revenue of $24.93 billion (+47.4% YoY). Gross margin was down as expected, but only to 18.2% from 19.3% in the previous quarter.

In earlier July, Tesla reported 466,140 deliveries in Q2 and production of 479,700 vehicles. The numbers beat analysts' expectations and indicate Tesla's deliveries rose 83.5% YoY and 10.2% QoQ. Notably, Tesla's R&D costs rose to $943 million since it is focused on "being at the forefront of AI development," and has started production of its Dojo "training computers."

Q: 1) What's your opinion or analysis of TSLA's Q2 earnings?
   2) How do you see TSLA's position in the global EV market?

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