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Electric vehicle maker Tesla reports first quarterly billion-dollar profit


Electric vehicle maker Tesla reports first quarterly billion-dollar profit
Elon Musk’s flagship endeavor beats on top and bottom lines
2 minutes read
The Tesla Semi still has no firm production date and goes unmentioned in the electric vehicle maker s Q2 earnings. (Photo: Tesla)
Tesla Inc. (NASDAQ: TSLA) reported its first quarterly profit exceeding a billion dollars in the second quarter as growing vehicle sales soared past the money-making sale of pollution credits the electric vehicle maker has relied upon to post positive results. 
Earnings of $1.45 a share beat estimates of 98 cents. Revenue was $11.96 billion versus analyst estimates of $11.30 billion. Net income was $1.14 billion, 10 times higher than a year ago. Automotive revenue of $10.21 billion included only $354 million of regulatory credit sales. ....

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Tesla delays electric Semi to 2022


Jul 26, 2021
Tesla listed Semi as in development on a slide deck shown to investors Monday behind Cybertruck – the company s electric pickup which was unveiled about two years later.
Tesla
Tesla on Monday said it would delay the debut of its electric Class 8 tractor to next year, marking at least the third time Semi truck production has been pushed back since it was unveiled in 2017.
Citing ongoing supply chain issues – including a global shortage of semiconductors and challenges ramping up vehicle production at new manufacturing sites around the world – the company said the pace of the respective production ramps will be influenced by the successful introduction of many new product and manufacturing technologies, ongoing supply-chain related challenges and regional permitting. To better focus on these factories, and due to the limited availability of battery cells and global supply chain challenges, we have shifted the launch of the Semi truck program to ....

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Tesla delays Semi truck to 2022; Cybertruck back-burnered for Model Y – TechCrunch


Tesla delays Semi truck to 2022; Cybertruck back-burnered for Model Y
Tesla is pushing the launch of its electric Semi truck program to 2022 due to supply chain challenges and the limited availability of battery cells, the company said in its second-quarter earnings report Monday.
Tesla CEO Elon Musk has warned about battery supply constraints before and the effect it might have on the Tesla Semi, which was first unveiled as a prototype in November 2017. Back in January, Musk said the engineering work on the Tesla Semi had been completed and deliveries were expected to begin this year. He did add the caveat, at the time, that the availability of battery cells could limit the company’s ability to produce the Semi. ....

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Tesla pushes back Semi truck release to 2022

Tesla pushes back Semi truck release to 2022
engadget.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from engadget.com Daily Mail and Mail on Sunday newspapers.

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