On July 24th, Tesla released its Q2 2024 financial report, which showed that Tesla achieved a single quarter revenue of $25.5 billion (approximately RMB 185.5 billion) and a non GAAP net profit of $1.8 billion (approximately RMB 13.1 billion). Compared to the $24.9 billion in the second quarter of 2023, this figure increased by 2% year-on-year, but net profit decreased by 45%.
According to the financial report, Tesla produced over 410000 electric vehicles globally in the second quarter of 2024, with deliveries exceeding 444000 units, a month on month increase of 14.7%, exceeding Wall Street institutions' expectations. The delivery volume of Shanghai Super Factory reached 71007 vehicles in June, and domestic sales increased to 59261 vehicles. The sales performance in the first three weeks of July in China remained impressive, and July is expected to set a record for the highest domestic delivery volume in the first month of the quarter. In addition, the 5-year zero interest policy has been extended until August 31st.
Tesla founder Elon Musk has revealed that Tesla may obtain FSD licenses in other markets, such as Europe and China, by the end of this year.
In addition, the financial report mentioned that the energy storage business continued to grow rapidly, with an installed capacity of 9.4 gigawatt hours in the second quarter, a month on month increase of about 132%, setting a new record for single quarter installed capacity. Powerwall 3 has been consistently successful since its launch and is currently available in Canada, the United Kingdom, and Germany, in addition to the United States.
The highly anticipated second-generation humanoid robot Optimus is already handling battery related tasks in factories, with thousands of Optimus expected to perform tasks at Tesla factories by the end of 2025, and deliveries to external customers starting in 2026.