$Tesla (TSLA.US)$ Financials ｜Tesla Second-Quarter Earnings ...
$Tesla (TSLA.US)$ Financials ｜Tesla Second-Quarter Earnings Drop 45% Robotaxi Late to October Release
Electric vehicle maker Tesla (US: TSLA) posted after-market results showing second-quarter profit fell 45% year-on-year to $1.478 billion (U.S. dollars). Adjusted earnings of $1.812 billion, down 42% year-on-year, and adjusted earnings of 52 cents per share, lower than expected 65 cents. The company said artificial intelligence projects led to increased operating expenses, along with restructuring costs, dragging down profits.
Revenue for the period was $25.55 billion, up 2.3% year-on-year. Meanwhile, EV sales revenue fell 7% to nearly $19.9 billion, falling for two consecutive quarters. More than 44.3 electric vehicles were delivered during the period, down 5% from the same period last year.
Second-quarter gross profit reported 18% and analysts expected 17.4%; free cash flow (FCF) recorded $1.34 billion, with analysts estimating $1.92 billion. The company said it will produce new vehicles as planned in the first half of this year, and expects this year's sales growth rate may be significantly lower than last year.
Chief Executive Musk said the release date for the company's Robotaxi taxi would be delayed until October, and said it would adjust its import strategy from China to Europe in response to an EU investigation and was confident that Europe would impose lower tariffs on Chinese-made cars. Musk says US government canceling subsidies for electric cars will do little harm to Tesla, but will help in the long run
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股勇者 OP : UPDATE: Tesla Reports 7% Drop In Auto Revenue As Earnings Fall Short Of Wall Street Estimates
“Tesla reported weaker-than-expected earnings for the second quarter as automotive sales dropped for a second straight period. The stock slid more than 8% in extended trading.
Earnings per share: 52 cents adjusted vs 62 cents expected, per LSEG consensus estimates...”
股勇者 OP : International｜Musk Denies Said to Donate $0.35 Billion to Trump Per Month
Earlier, Wall Street Daily reported that Musk plans to donate about $45 million (about HK$0.351 billion) to the America PAC supporting President Trump since July. Musk said he never said he donated $45 million to Republican presidential candidate Trump every month.
Musk said he is donating to the American Political Action Committee, but the donation level is much lower, and the values of the conference are to support elite management and individual liberty, with most Republicans standing on the side of the good and the free, but not all.