Tesla (Ticker: TSLA) reported second quarter fiscal 2024 results.
The main business performance was as follows.
Revenue: $25.5 billion (YoY: +2%, QoQ: +19.7%)
Operating income: USD 16.05 billion (YoY: -33%; QoQ: +37.1%)
Net income: USD 14.78 billion (YoY: -45%, QoQ: +30.9%)
Diluted earnings per share: $0.42
- YoY: Year-on-year – compared to the same period last year
** QoQ: Quarter-on-Quarter – Compared to the previous quarter
in comparison to market forecasts
Sales were over 3.07%, but,
Earnings per share came in at 16.15%.
Let’s take a look at the sales by category.
Car sales: USD 198.78 billion (YoY: -7%)
Energy production and storage: USD 30.14 billion (YoY: +100%)
Services and Others: USD 26.08 Billion (YoY: +21%)
Let’s look at the shipment and sales volume according to the product.
Total Shipments: 410,831 units (YoY: -14% and QoQ: -5.2%)
Model 3/Y: 386,576대 (YoY: -16%, QoQ: -6.3%)
Other models: 24,255 units (YoY: +24%, QoQ: +15.5%)
Total sales: 443,956 units (YoY: -5%, QoQ: +14.8%)
Model 3/Y: 422,405대 (YoY: -5%, QoQ: +14.2%)
Other models: 21,551 units (YoY: +12%, QoQ: +26.6%)
In addition, let’s look at the numbers related to the business that Tesla discloses.
Supercharger station: 6,473 stations (YoY: +23%)
Supercharger connectors: 59,596 units (YoY: +24%)
Tesla stores: 1,286 (YoY: +20%)
Tesla’s Q2 earnings report, which lasted about 55 minutes. We’ve rounded up this into three main topics.
- Tesla’s New Business Progress: Self-Driving, Robotaxi, And AI
- Tesla’s Key Business Progress: Automotive Business, Cybertruck, 4680 Battery
- Tesla’s Energy Business
I’ll start today’s article focusing on this.
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- Tesla’s New Business Progress: Self-Driving, Robotaxi, And AI
It was an earnings call, but the earnings call was also a more clear light on Tesla’s new business.
Tesla CEO Elon Musk commented, “We’ve made a lot of progress in the quarter in autonomous driving and robo-taxi.”
Let’s take a look at autonomous driving first.
From a software perspective, we plan to release 12.5 version, which has five times more parameters than the existing version.