U.S. Markets open in 3 hrs 4 mins
  • Crude Oil

    70.51
    -0.05 (-0.07%)
     
  • Gold

    1,768.40
    -9.80 (-0.55%)
     
  • Silver

    23.03
    +0.46 (+2.05%)
     
  • EUR/USD

    1.1696
    -0.0034 (-0.2924%)
     
  • 10-Yr Bond

    1.3360
    +0.0120 (+0.91%)
     
  • Vix

    20.87
    -3.49 (-14.33%)
     
  • GBP/USD

    1.3619
    -0.0045 (-0.3282%)
     
  • USD/JPY

    109.7800
    +0.5600 (+0.5127%)
     
  • BTC-USD

    43,537.86
    +1,256.54 (+2.97%)
     
  • CMC Crypto 200

    1,089.55
    +49.07 (+4.72%)
     
  • FTSE 100

    7,083.37
    +102.39 (+1.47%)
     
  • Nikkei 225

    29,639.40
    -200.31 (-0.67%)
     
  • Oops!
    Something went wrong.
    Please try again later.

Tesla beats Q2 earnings estimates

In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Yahoo Fiannce's Dan Howley breaks down Tesla's Q2 earnings.

Video Transcript

ALEXIS CHRISTOFOROUS: We have been waiting for the earnings. He has got the numbers for us. What can you tell us, Dan?

DAN HOWLEY: For Q2 revenue, we're looking at $11.96 billion. That's compared to the $11.37 billion that was expected, so a beat there. And then a beat on adjusted earnings per share, $1.45 compared to $0.97 that was expected. The company says they still expect to see 50% annual growth in deliveries. They also said they're shifting the launch of their semi, that Tesla semi, to 2022.

They also saw a Bitcoin impairment of $23 million. You'll remember that they were dabbling in Bitcoin for a minute there before pulling back from that. They also, though, said that they'll launch their first Model Y, built in both Berlin and Austin, this year in 2021. So that's a big deal. You know, Tesla's had a big quarter. Obviously, they were running into some issues with the voluntary recalls in China there. But really, a good quarter from there on this announcement.