Elon Musk said the company will probably keep cutting prices for electric cars if interest rates keep rising.
Tesla On Wednesday, it presented its results for the second quarter of the year, a period in which it registered a net profit of US$2,703 million dollars, which represents a growth of 20% from the US$2,259 million harvested one year. back. earnings per share They have been US$0.78, also 20% more in the year-on-year comparison, although worse than the consensus forecast, which expected US$0.82.
The company is down nearly 6% on the session after saying profitability dipped in the second quarter and the hits are likely to keep coming. Elon Musk stated that the company will probably continue to cut prices of electric cars if interest rates continue to rise.
Revenues, for their part, have grown by 47% from the same period last year, to 24,927 million, and also exceed expectations, of 24,470 million. Almost all of the turnover comes from the car sales, which have accounted for 21,268 million, with an increase of 46% in the last 12 months.
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Tesla’s statement
“In the second quarter, we produced a record number of vehicles, thanks to continued ramp-ups from our new factories, as well as strong performance from Shanghai and Fremont. We remain committed to smoothing deliveries throughout the quarter by reducing the percentage of vehicles delivered in the third month,” says the company.
The production of the Model S/X it has grown 19%, to 19,489, while that of the Model 3/Y has shot up 90%, and has reached 460,211.
“Since our Shanghai factory has been successfully running near full capacity for several months, we do not expect a significant increase in the weekly production rate. Gigafactory Shanghai continues to be our main export center,” he adds.
Meanwhile, at the Texas gigafactory, “they are working on installing equipment for the production of Cybertruck, which is still on track for initial deliveries this year.”
Source: Ambito
