Tesla – European Model Ys On Track Despite Chip Shortage
Tesla Inc (NASDAQ:TSLA) reported second quarter revenue of $12.0bn, ahead of market expectations for $11.3bn, and up 98% year-on-year. That reflects a 148% increase in Model 3/Y deliveries, more than offsetting a decline in Model S/X deliveries due to product updates. Average sales prices fell 2% year-on-year, reflecting higher sales of lower priced cars in China. Q2 2021 hedge fund letters, conferences and more Tesla's Q2 EarningsTotal revenue included $10.2bn in Automotive revenues, up 97% year-on-year despite a 17% fall in automotive credits, which came in at $354m. Automotive gross margin ...