Tesla (NASDAQ:TSLA) posted its Q2 2023 earnings report after markets closed today. The results, which were discussed in the Q2 2023 Update Letter, were released after the closing bell on Wednesday, July 19, 2023.
Tesla’s earnings come on the heels of yet another record quarter in terms of vehicle deliveries and production. In the first quarter, Tesla produced 479,700 vehicles and delivered 466,140. This was despite the company’s ongoing aggressive pricing strategies and some Model 3 customers potentially holding off on their vehicle purchases due to the upcoming and highly-anticipated Project Highland update.
The following is a quick overview of Tesla’s Q2 2023 results.
REVENUE
In the second quarter, Tesla posted revenues of $24.93 billion. In comparison, analysts polled by FactSet estimated that Tesla will report sales of $24.32 billion in Q2 2023.
EARNINGS PER SHARE
Tesla’s non-GAAP earnings per share for the first quarter of 2023 was listed at $0.91. In comparison, analysts were calling for adjusted earnings of $0.79 cents a share.
Below is Tesla’s Q2 2023 Update Letter.
This article is being updated.
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Keyword: Tesla (TSLA) Q2 2023 earnings results: Expectations beat amid record quarter