Tesla announced that its total revenue for the second quarter of this year exceeded expectations, while operating profit and earnings per share (EPS) both experienced double-digit declines, with the drops far exceeding expectations.
1) Q2 revenue reached $25.5 billion, up 2% year-over-year2) Q2 operating profit was $1.605 billion, down 33% year-over-year3) Non-GAAP diluted EPS for Q2 was $0.52, down 43% year-over-yearTotal revenue for Q2 set a new quarterly record, while energy generation and storage businesses continued rapid growth. Q2 gross profit was $4.578 billion, up 1% year-over-year, with a quarterly gross margin of 18%, lower than 18.2% in the same period last year, representing a 42% year-over-year decline.
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