Tesla presents net profit 1142 million dollars second 2021 quarter, the most profitable to date - Tesla has presented its accounts for the second quarter of 2021, in which it has achieved a record net profit of 1,142 million dollars (about 968.4 million euros, at the current rate), which is its most profitable quarter so far and a growth of 998% compared to the same period last year.

Likewise, revenues have increased to 11,958 million dollars (almost 10,140 million euros), doubling the figure reached between April and June 2020.

Tesla's adjusted earnings per share have stood at $ 1.45 (EUR 1.23), 230% higher than last year's second quarter record.

With these figures, Tesla presents record results and exceeds the expectations of Wall Street, which expected 11,360 million dollars in revenue and profits per share of 0,974 dollars, and exceeds for the first time the 1,000 million dollars in net profit (GAAP) in a quarter.

It is also doing so in a context where it has had to face difficulties such as microchip shortages and other supply chain problems that complicate car production.

Tesla presents net profit 1142 million dollars second 2021 quarter

It is also the first quarter in which profits even without the credit sales of zero-emission to other car manufacturers, a source of income that historically has depended to stay in the black and that has led to 354 million (€300 million) in the quarter.

Tesla notes that it has been able to increase its operating revenue primarily by increasing volume and reducing costs. That growth has been offset by factors such as a depreciation of $ 23 million (€19.5 million) of its holdings in bitcoin.

Another record reached by Tesla this second quarter of 2021 has been the production and delivery of more than 200,000 vehicles, with an increase of 151% in production over the same period last year and also above the first quarter of this year, when a historical record of 180,338 vehicles produced was obtained.

The company has produced a total of 206,421 vehicles, of which almost 98.9% (204,081) are Tesla Model 3/Y, while the remaining 2,340 are Tesla Model S/X.

The number of vehicles delivered (when it is transferred to the client, with all the correct documentation) has been, however, in a total of 201.304 (199.409 models 3/And, by 1.895 S/X), a 120% above the delivery in the second quarter of 2020, the first profitable year in the history of Tesla.

Tesla presents net profit 1142 million dollars second 2021 quarter

"In the second quarter, we produced and delivered more than 200,000 vehicles. Our teams have done an excellent job overcoming the challenges of logistics and the global supply chain, " reports the company, which in the first quarter achieved a historical record of deliveries (184,877 vehicles between January and March) that has surpassed in the second.

Elon Musk, CEO of Tesla, already admitted after the presentation of the first quarter results that the company had had "insane difficulties" with its supply chain. "We've had some of the most complicated problems in the company's entire life," he said.

Among these problems have been the global shortage of chips, which has affected several industries, including the automotive industry, and the delay in the shipping of goods.

"Supply chain challenges, particularly global semiconductor shortages and port congestion, continued to be present in the second quarter," the company says.

"The team of Tesla, including the supply chain, the development of software and our factories, worked very hard to keep production as close as possible to its full capacity," he adds in the paper the results, announced on Monday 26 pm (Spanish time) and after the publication of the shares have risen about 1.5% in late trading Monday.

Tesla presents net profit 1142 million dollars second 2021 quarter

"With global demand for vehicles at record levels, the supply of components will have a strong influence on the pace of growth of our deliveries for the rest of this year," he foresees.

These "global supply chain challenges" have led Tesla to move production of the Tesla Semi, its electric truck, to 2022, to focus on branching production to upcoming factories in Berlin (Germany) and Austin (USA). UU.).

The company has said it expects to start production at both plants in 2021. The Berlin summit was due to open on 1 July, but bureaucratic obstacles and environmental problems have delayed these plans indefinitely.

"We are also making progress in industrializing Cybertruck, which is currently scheduled to be produced in Austin after the Y Model," they add.

"Public opinion and support for electric vehicles seem to be at a tipping point never seen before. We continue to work hard to reduce costs and increase our production pace so that electric vehicles are accessible to as many people as possible, " says the company, which expects to achieve an average annual growth of 50% in vehicle deliveries over a multi-year horizon.

Tesla presents net profit 1142 million dollars second 2021 quarter