Tesla Revenue & Earnings Beat Wall Street Expectations — Yet Stock Dropped Off Cliff
reports. The automaker reported an adjusted earnings per share of $0.91, though estimates landed at just $0.81. The increase represents a 45-percent jump from the same quarter last year, and a small increase from the first quarter.
“Our operating margin remained healthy at approximately 10%, even with price reductions in Q1 and early Q2,” Tesla said. “This reflects our ongoing cost reduction efforts, the continued production ramp success in Berlin and Texas and the strong performance of our Energy and Services & Other businesses.”
“We are very open to licensing our Self-Driving software and hardware to other car companies,” Musk said. “And we are already in discussions with, only just early discussions, with a major OEM about using the Tesla FSD. So we’re not trying to keep this to ourselves, we’re more than happy to license it to others.”Musk also announced that Tesla will be allowing a one-time transferability option in the third quarter to let users transfer their FSD beta to a new Tesla.
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