Tesla’s domestic market revenue in the second quarter increased month-on-month but declined year-on-year

[TechWeb] July 25 news, according to foreign media reports, Tesla released its second-quarter financial report after the close of U.S. stocks on Tuesday local time.

Revenue was US$25.

5 billion, a year-on-year increase and also exceeded analysts ‘expectations.

However, net profit fell by more than 40% year-on-year.

After the financial report was released, they also disclosed the situation in the second quarter in more detail in documents filed with the US Securities and Exchange Commission.

According to the documents submitted by Tesla, their domestic market revenue in the second quarter was US$4.

636 billion.

Although it was slightly higher than US$4.

592 billion in the first quarter, it was less than US$5.

731 billion in the same period last year, a decrease of US$1.

095 billion, and a year-on-year decline of 19.1%. In the first quarter of this year, Tesla’s domestic market revenue fell year-on-year.

That quarter was US$4.

592 billion, less than US$4.

891 billion in the same period last year.

The year-on-year decline for two consecutive quarters means that Tesla’s revenue in the domestic market in the first half of this year was less than that in the same period last year.

The documents they submitted showed that revenue in the domestic market in the first half of the year was US$9.

228 billion, less than US$10.

622 billion in the same period last year.

Although Tesla’s revenue in the domestic market fell year-on-year in the second quarter and the first half of the year, in the United States, their main market, there was still a year-on-year increase, of which US$13.

256 billion in the second quarter was compared with US$11.

332 billion in the same period last year.

An increase of US$1.

924 billion, US$23.

018 billion in the first half of the year, which was also higher than US$22.

579 billion in the same period last year.

In other markets, Tesla’s revenue in the second quarter was US$7.

608 billion, slightly lower than US$7.

864 billion in the same period last year, and US$14.

555 billion in the first half of the year was also less than US$15.

055 billion in the same period last year.

(Hailan), return to the first electric network home page>,.

Link to this article: https://evcnd.com/teslas-domestic-market-revenue-in-the-second-quarter-increased-month-on-month-but-declined-year-on-year/

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