China's Economic Activity Rebounded Moderately

Tesla Announces Record Sales and Profit Growth #

Tesla, the electric vehicle (EV) manufacturer, reported impressive Q2 results, with record sales and strong profit growth. The company delivered 200,000 vehicles during the quarter, exceeding market expectations. Tesla’s revenue also surged, reaching $11.96 billion, a YoY increase of 98%. Additionally, the automaker achieved a net income of $1.14 billion, marking its eighth consecutive profitable quarter. The strong performance was driven by robust demand for the Model 3 and Model Y vehicles, as well as increasing sales in international markets. Tesla also revealed progress in expanding its production capacity and expects further growth in the second half of 2021.

Tesla Announces Record Sales and Profit Growth #

Electric vehicle manufacturer, Tesla, reported impressive Q2 results with record sales and strong profit growth. The company delivered a remarkable 200,000 vehicles during the quarter, surpassing market expectations. Tesla’s revenue surged to $11.96 billion, a YoY increase of 98%. The automaker achieved a net income of $1.14 billion, marking its eighth consecutive profitable quarter. This remarkable performance is attributed to robust demand for the Model 3 and Model Y vehicles, as well as increasing international sales. Tesla is also expanding its production capacity and expects further growth in H2 2021.