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It emerges from the recent quarterly report that was published after closing time on Wall Street today.
In advance, a sample of analysts had expected revenues to be $ 13.9 billion as an average estimate. The result was slightly lower, ending at $ 13.76 billion. This is an increase of 57 percent from the same quarter in 2020.
Among analysts, there has been great faith in Tesla. 22 out of 49 analysts have given a buy recommendation on the stock.
In the last year, a global supply crisis has hit the car industry. Nor has Tesla got rid of it, which a few weeks ago thanked customers for their patience. Tesla writes that there have also been several challenges for the company this quarter, including many on microchips and delays at ports.
Already in the quarterly report for the second quarter, the company announced the same, even though it hampered Musk’s machinery to a lesser extent than competing companies.
According to the quarterly report, the company has produced 237,823 cars and delivered 241,391.
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Broken records in Q2
Earlier this year, the company set several new records. Among other things, Telsa produced and delivered over 200,000 cars and had an operating margin of 11 percent. This is despite the car industry’s problems with both supply chains and global chip shortages.
This week, a number of Wall Street giants present quarterly reports. Yesterday, Netflix was able to report strong subscriber growth, largely due to the huge success “Squid Game”
The company received an increase of 4.4 million paying users for the quarter. In advance, consensus among analysts was an expected increase of 3.7 million users, according to Yahoo Finance, while Netflix itself predicted 3.5 million in its previous quarterly report.
Netflix now has 214 million users.
Netflix had revenue of $ 7.5 billion in the quarter, up from $ 7.48 billion. The share rose 0.16 percent on Tuesday in anticipation of the results presentation, but has risen around 18 percent so far this year.(Terms)Copyright Dagens Næringsliv AS and / or our suppliers. We want you to share our cases using a link, which leads directly to our pages. Copying or other use of all or part of the content may only take place with written permission or as permitted by law. For additional terms look here.
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