Tesla makes over a billion dollar quarterly profit for the first time

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Photo: David Zalubowski / AP

The US electric car maker Tesla managed a quarter with record results and earned more than a billion dollars in a quarter for the first time.

Elon Musk's company increased its surplus tenfold in the three months to the end of June compared to the same period in the previous year to 1.1 billion dollars, which is the equivalent of around 0.85 billion euros.

Tesla announced this on Monday after the US stock market closed in Palo Alto.

The proceeds grew accordingly by 98 percent to a total of 12.0 billion dollars.

The quarterly figures were thus clearly above the analysts' forecasts.

Nevertheless, the share reacted relatively cautiously and initially posted only slight price gains after the trading hours.

In the past quarter, Tesla also achieved top marks for the delivery and production of its e-cars.

The company sold 201,304 vehicles to customers and produced 206,421 vehicles - more than ever in a single quarter since the company was founded in 2003.

• Tesla also stated that it was

  on schedule with

  the

  construction of the first plant in Europe in Grünheide near Berlin

  .

  This year, the first e-cars should roll off the assembly line there.

  Given various hurdles and inconsistencies at the bureaucratic level, the uncertainty about the timetable had increased in recent months.

• However, there was a setback at

  Tesla's semi-truck

  - Tesla postponed the first deliveries of the semi-trailer to 2022.

• The electric car

  pioneer

  once again benefited greatly from

  trading in emissions certificates

  , which other car manufacturers need to improve their emissions balance and thus meet legal requirements in California and Europe, for example.

  Tesla made $ 354 million on this deal in the second quarter.

  Since the proceeds have a virtually 100% profit margin, they are extremely lucrative for Tesla.

  However, its importance has recently decreased significantly - both a year ago and in the previous quarter, the yield was significantly higher.

• Tesla's

  Bitcoin exposure

  , with which Elon Musk has been shaking up the crypto market since February, did not develop as successfully as in the previous quarter in view of the sharp price slide.

  After Tesla's original $ 1.5 billion investment in the best-known cyber currency in the first quarter of 2021 led to special proceeds of around $ 100 million, the group now had to write off $ 23 million on Bitcoin holdings.

  Their balance sheet value was last at 1.31 billion dollars.

aar / dpa