AUSTIN (dpa-AFX) – Despite pandemic-related production outages in China and ongoing supply chain problems, Tesla almost doubled its profit in the second quarter. The electric car maker earned a bottom line of 2.3 billion dollars, 98 percent more than in the same period last year. This was announced by Elon Musk’s group on Wednesday after the US stock market closed. Analysts had expected significantly less profit. In the previous quarter, however, the result was still at a much higher $3.3 billion.
Tesla increased sales by 42 percent year-on-year to $16.9 billion. Despite the persistent difficulties caused by material bottlenecks and production disruptions, the group confirmed its ambitious goal of delivering around 50 percent more cars this year than in 2021. Tesla only brought 254,695 vehicles to its customers in the second quarter – the first decline compared to the previous quarter in around two years. But the group is assuming a “record-breaking” second half of the year.
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