Tesla announced its Q2 2024 financial results, with revenue reaching $25.5 billion, a 2% year-over-year increase, and plans to produce new low-cost models in the first half of 2025.
Despite a 7% year-over-year decline in automotive revenue and a drop in gross margin to 14.6%, energy generation and storage revenue surged by 100%, while service revenue grew by 21%.
However, profitability faced pressure, with both gross margin and operating margin declining. On the technology front, Tesla continues to push its AI and autonomous driving narrative, though the Robotaxi launch has been postponed to October 10. The humanoid robot Optimus is expected to see increased factory applications and begin external deliveries in 2026.
Elon Musk remains optimistic about the potential of AI and autonomous driving, believing they will significantly boost Tesla's valuation.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
