Tesla's Q2 2024 earnings call is scheduled to start in approximately 1.5 hours, following the release of the company's Q2 2024 Update Letter. The company reported total revenues of $25.5 billion, with automotive revenues of $19.878 billion, and non-GAAP earnings per share of $0.52. Tesla also posted a GAAP operating income of $1.6 billion after restructuring charges of $600 million.
BusinessTesla | Duplicated with: 1 | Rating: 53 | 2024-07-24 03:09:54 PM |
Tesla spent $583 million in employee termination fees, which affected its profitability and operating expenses. The company posted non-GAAP EPS of $0.52, lower than the Street's expectations of $0.61-$0.62. The restructuring charges were listed in Tesla's Q2 2024 Update Letter and its SEC Form 10-Q.
BusinessTesla | Rating: 53 | 2024-07-24 03:09:54 PM |
Tesla CEO Elon Musk confirmed details about the Robotaxi, including its production site and manufacturing process, ahead of its unveiling on October 10, 2024. The company's plans for new vehicles, including more affordable models, are still on track for the start of production in the first half of 2025. These vehicles will utilize aspects of its Full Self Driving (FSD) technology.
AITesla | Rating: 53 | 2024-07-24 03:09:54 PM |
Tesla CEO Elon Musk provided an update on the next-gen Roadster program, stating that most of the engineering has been completed, but there are still some upgrades to be made. The company plans to start production of the all-electric supercar next year. Musk made the announcement during the Q2 2024 earnings call.
TeslaTesla | Rating: 51 | 2024-07-24 03:09:54 PM |
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