Tesla’s actions fell 10% in the first operations on Wednesday after their mixed results in the second quarter. Despite the fall, the company confirmed its plan to introduce new and more affordable electric vehicles (EV) in early 2025. The executive director, Elon Musk, also announced that the presentation of the Robotaxi is now scheduled for October 10, delayed with respect to the initial date of August 8.
Financial performance for the second quarter
In the second quarter, Tesla reported revenues of 25,050 million dollars, slightly above 24,630 million dollars expected and compared to 24,930 million dollars last year. However, the company’s earnings (BPA) were $ 0.52, below the 0.60 dollars scheduled, with $ 1.8 billion in non -gaap net income.
Information on production and delivery
Tesla delivered 443,956 vehicles worldwide in the second quarter, more than the 386,810 units delivered in the first quarter, but slightly below the forecast of 439,302 units. The company also pointed out that its growth rate by 2024 would be “remarkably lower” compared to 2023.
Key production updates include:
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Cybernetic truck: Production has been tripled from the first quarter, with expectations of profitability by the end of the year.
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Semicamión: Production is expected to begin at the end of 2025.
Upcoming electric vehicles and affordable robotaxi
Tesla is on the way to launching new and affordable electric vehicle models in the first half of 2025. These vehicles will be built using new and existing manufacturing technologies. Elon Musk revealed that the Robotaxi, initially scheduled for its presentation in August, will now be exhibited on October 10. The additional time will allow Tesla to add new functions to the vehicle.
The Wedbush analyst Dan IVES, emphasized that the successful launch of the Robotaxi is crucial for the future assessment of Tesla and its path to a market capitalization of 1 billion dollars, which will depend on the success of its artificial intelligence and its total autonomous driving technologies (FSD).
Energy storage record implementation
Tesla also achieved a remarkable milestone by implementing 9.4 Gigavatios-Hora (GWH) of battery storage in the second quarter, more than double the quantity with respect to the first quarter. Adam Jonas, by Morgan Stanley, described this as a “theft of shows”, pointing out that he exceeded expectations and underlines the growing Tesla approach to energy storage.
Market prospects and reactions
Despite the recent fall of actions, analysts remain optimistic about Tesla’s long -term perspectives. The increase in the deliveries of the company’s vehicles and the important advances in energy storage are considered strong indicators of future success. The next months are expected to be critical as Tesla will continue to innovate and expand its offer.
Also read: Tesla’s actions fall as profit margins fall, which emphasizes the need for cheaper electric vehicles
(Tagstotranslate) Tesla's actions fall by 10%