Earnings per share (EPS): $0.40 adj vs. $0.43 expected
Net income fell to $1.17 billion, or 33 cents per share, in the second quarter, from $1.4 billion, or 40 cents per share, a year earlier
Revenue: $22.50 billion vs. $22.74 billion expected, y/y down 9% from $21.3 billion
Automotive revenue: $16.7 billion down from $19.9 billion a year earlier
Sales of auto regulatory credits: $439 million down from $890 million a year earlier
Deliveries: 384,000 down 14% y/y
Other:
- Services and other segment, which includes revenue from its EV charging stations, gross profit rose 17% year over year. Tesla said it was driven by “improved Supercharging gross profit generation from increased volume,” and said it has added more than 2,900 net new Supercharging stalls, an 18% increase from a year earlier. The company boasts 7,377 Supercharger stations in its charging network
- Digital assets are now worth $1.24 billion, according to the shareholder update, up from $722 million a year ago