[Tesla’s 2Q 2024 Earnings Summary]
Summary Financial Statements
Revenue: Q2 Total Revenue $25.5B Automotive Sales: $18.53B
Regulatory credit: $890M
Energy generation and storage: $3.014B
Services and others: $2.608B
Cost of sales: $20.922B Total cost of sales of automobiles: $16.207B
Energy generation and storage: $2.274B
Services and others: $2.441B
Gross profit: $4.578B
Operating cost: $2.973B R&D cost: $1.074B
Sales, general and administrative expenses: $1.277B
Restructuring cost: $622M
Operating income: $1.605B
Net income: $1.478B on GAAP basis and $1.812B on non-GAAP basis
Major Margin Rate
Gross margin ratio: 18.0%
Operating margin ratio: 6.3%
Adjusted EBITDA margin ratio: 14.4%
Additional financial information
Adjusted EBITDA: $3.674B
Adjusted net income: $1.812B (non-GAAP)
Adjusted earnings per share: $0.52 (non-GAAP)
Operating cash flow: $3.612B
Free cash flow: $1.342B
balance sheet
Total assets: $112.832B
Total liabilities: $45.569B
Total Capital: $66.468B
Cash and cash equivalents: $30.720B
Stock: $14.195B
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