Earnings Per Share (EPS): – Actual EPS was $0.52, slightly below the estimated $0.62, indicating a shortfall. Revenue: – Tesla reported revenue of $25.5 billion, surpassing the expected $24.38 billion, demonstrating better-than-anticipated performance. Total GAAP Gross Margin: – The GAAP gross margin was 18%, exceeding the estimated 17.4%, reflecting strong profitability. Automotive Gross Margin (excluding … Continue reading Tesla Q2’24 Recap: Revenue Surges to $25.5B, EPS Misses at $0.52, Strategic Focus on New Models and Profitability Targets
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