Tesla Q2 FY24 Income Statement

Jensen Philanthropy : Don’t miss out the important points, and mislead others, where’s the net profit margin, and your almost 900 mil of EV credits contributing to your revenue. Truth is revenue for EV is falling, net profit margin is falling too. Clearly losing market share and profitability with so many EV options nowadays.

ZnWC Jensen Philanthropy : No one is misleading. He is just summarizing what is stated in the visual chart. If you have a visual to show, you are welcome to share too. Here is another one from Moomoo:

ZnWC : Beside Robotaxi unveil in 10/10, Tesla has other catalysts reported in the Q2 earnings:

• Tesla Cybertruck is on track to achieve profitability by the end of this year.

• Tesla expects their AI training compute capacity to hit nearly 90,000 H100 equivalent GPUs by the end of the year.

• Tesla: "Overall, the Energy business achieved record revenues and gross profit in Q2. The Lathrop Megafactory continues to ramp successfully, achieving a production record in Q2, and the Shanghai Megafactory remains on track for start of production in Q1 2025."

• Tesla:  "We plans for new vehicles, including more affordable models, remain on track for start of production in the first half of 2025.

• Tesla provided an update on the construction progress of its Lithium refinery in TX - start of production in 2025.

• Elon: "We expect to have Optimus production version 1 in limited production starting early 2025. This will be for Tesla consumption; We expect to have thousands of Optimus robots produced and doing useful things in our factory by the end of next year."

• CFO: Based on Q2,  about 66% of Tesla's sales in the US were to people who had never owned a Tesla before.

• Tesla is likely to receive regulatory approval to launch FSD in other markets like Europe and China by the end of the year.

Brianjh OP ZnWC : thanks for sending it through. I think more eyes are on robotaxi than other events.