Tesla Q2 Revenue Beats Forecast, Warns Optimus Production Ramp to Be Prolonged
Tesla reports second-quarter revenue of $28.2B, beating estimates, while posting earnings per share of $0.33, falling short of the $0.50 forecast. Gross margin came in at 17% versus a 19% estimate, and energy revenue reached $3.1B against a $3.8B forecast.
The company also previewed its first-generation Optimus production line at the Fremont factory, announcing plans to begin manufacturing the humanoid robots later this year. Elon Musk cautioned that scaling the robot will be Tesla’s hardest product to produce due to the need to build a new supply chain, noting the initial manufacturing phase will be flat and long because of the newness of the components.
From the sources (3 posts)
@stocksavvyshay$TSLA Q2 EARNINGS • Revenue $28.2B vs Est. $26.3B • EPS $0.33 vs Est. $0.50 • Gross Margin 17% vs Est. 19% • Energy Revenue $3.1B vs Est. $3.8B • FCF ($1.1B) vs Est. ($3.6B) Tesla expects Optimus production in Fremont later this year. htt
@sawyermerrittTesla has shared new photos of their first-generation Optimus production line at Fremont.
@sawyermerrittElon Musk on Optimus: "It's a lot of work to get the design right and scale production. This is going to be the hardest product to scale that we've ever had at Tesla; We've had to build the supply chain out entirely. The Fremont production