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Tesla exceeds expectations and takes historic brand

2021-07-27T08:25:14.973Z


Tesla remains firmly on course for growth. In the second quarter, the e-car pioneers cracked a historic threshold that hardly anyone thought they could do a good year ago.


Tesla remains firmly on course for growth.

In the second quarter, the e-car pioneers cracked a historic threshold that hardly anyone thought they could do a good year ago.

Palo Alto - Another year of superlatives is coming up for the US electric car manufacturer Tesla *.

After the last quarter ended with record results, an important symbolic mark is now falling.

For the first time, the e-car pioneer achieved a profit of more than one billion US dollars in a quarter.

Tesla increased its surplus tenfold in the three months to the end of June year-on-year to $ 1.1 billion.

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

Revenues doubled to a total of $ 12.0 billion.

Just over a year ago, only a few observers believed that the company would develop in this way.

Gigafactory: The first electric cars will roll off the assembly line in Brandenburg this year

Tesla also emphasized that the construction of the first plant in Europe in Grünheide near Berlin is on schedule. 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 quarterly figures clearly exceeded the forecasts of the analysts.

The share reacted after the trading hours with a plus of three percent nevertheless relatively cautious.

Tesla also achieved record levels in delivery and production in the last quarter.

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

Tesla: Aiming for further growth despite the lack of semiconductors

In doing so, Tesla defied the computer chip and raw material shortages that were recently bothering the rest of the automotive industry, including Daimler and Volkswagen *. Even if the company warned that the supply of chips and components would remain difficult and could slow growth in the second half of the year, it did not compromise on its goals - on the contrary. Tesla has so far aimed to increase its deliveries by 50 percent in 2021 after more than half a million cars in the previous year. The group has now announced that it is anticipating even stronger growth.

Only Tesla's Bitcoin involvement, with which Musk has been shaking up the crypto market since February, no longer developed 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.

Tesla: Big profits from trading in emissions certificates

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 percent profit margin, they are extremely lucrative for Tesla. However, its importance has recently declined sharply - both a year ago and in the previous quarter, the yield was significantly higher.

(dpa) * Merkur.de is part of IPPEN-MEDIA

Source: merkur

All news articles on 2021-07-27

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