It is the first time that Tesla’s profit has exceeded $1 billion in a quarter. The automaker’s revenue rose from $6 billion in the second quarter last year to $12 billion this year. This is evident from the quarterly figures that Tesla released yesterday.
More than 200,000 cars
Earlier it was announced that the company of CEO Elon Musk has produced and delivered more than 200,000 cars in the past quarter. Tesla boosted production to a new record despite chip shortages affecting the global auto sector.
The company said it has worked hard to keep production going despite those chip shortages. Tesla does say that those shortages “could have a major impact” on the growth rate of production in the second half of this year.
“I’ve never seen anything like it. Every company is now reordering for fear of running out, just like the toilet paper shortage, but on an epic scale,” Musk previously said.
The company has car factories in the United States and China and is working on a large factory near Berlin. Tesla does not disclose where it has sold most of its cars.
In the run-up to the announcement of the quarterly figures, Tesla’s share price has already risen by 2 percent. After that, the price continued to rise.