The World According To Tesla — Q2 2023 Update - CleanTechnica

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The World According To Tesla — Q2 2023 Update - CleanTechnica
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The World According To Tesla — Q2 2023 Update

, citing Q2 2023 as “a record quarter on many levels” due to a confluence of production and deliveries. With revenue approaching $25 billion in a single quarter, the company was overall pleased with the results, citing the challenges of overcoming the current “macroeconomic environment” as “exciting.”

Wall Street predicted that Tesla would bring in around $24.9 billion in revenue for the quarter, which is nearly 50% higher than year-ago sales of $16.9 billion. Tesla’s stock has climbed 168.62% since the start of the year. It closed at $290.38 Monday afternoon, riding the high of the news that the first Cybertruck was finally built over the weekend.

Importantly, Musk suggested in the conference call that he thinks “it does make sense to sacrifice margins in favor of making more vehicles.”

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