Tesla's second-quarter net profit was US$1.172 billion, a year-on-year decrease of 20.7%
Internet reports that Tesla's second-quarter revenue was US$22.50 billion, a year-on-year decrease of 12%, and an estimated US$22.64 billion. Second-quarter net profit was US$1.172 billion, a year-on-year decrease of 20.7%. The market expectation was US$1.136 billion. Adjusted earnings per share for the second quarter were $0.40, compared with $0.52 in the same period last year, and an estimate of $0.42. The gross profit margin for the second quarter was 17.2%, compared with 18% in the same period last year, and an estimated 16.5%. Free cash flow (FCF) was $146 million in the second quarter, compared with $664 million in the first quarter, and analysts expected $760 million.
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