[Tesla’s 2Q 2024 Earnings Summary]

[Tesla’s 2Q 2024 Earnings Summary]

1. ESS Growth and Stretching
2. Q2 Deliveries Rebound
3. Focus on reducing costs going forward
4. The timing of robo-taxi depends on technological progress and regulatory approval
5. Increasing parameters of next-generation FSD models
6. Optimus is on its first battery-handling mission at a facility
7. In 2024, vehicle growth could be significantly lower than the growth rate achieved in 2023 as we strive to launch the next generation of vehicles and other products.
8. Plans for new cars, including more affordable models, are progressing smoothly with the goal of starting production in the first half of 2025. These vehicles will be part of the next generation platform and part of the current platform, and could be produced on the same manufacturing line as the current vehicle lineup. Tesla Q2 2024 Financial Statements 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