Tesla surprised more than one analyst with the announcements of its results for the second half of 2021: the brand of Elon Musk is doing more than well!
Tesla does not know the crisis. Whether it is the Covid-19, or that linked to the semiconductor shortage. And while most builders are struggling to recover froma more than difficult year 2020, Elon Musk’s brand displays record profits for the second quarter of 2021: the billion dollars is outdated for the first time!
This is a result that surprised analysts, since two important sources of income for the electric giant are in decline. First, there is the decline in the Bitcoin market, in which Tesla had invested $ 1.5 billion at the start of the year, and then announced that the cryptocurrency was too polluting for its liking. But in the end, Tesla lost “only” 23 million dollars (around 20 million euros) in the operation during this second quarter of 2021.
The other source of income on which Tesla bases its profitability is the sale of ” CO2 credits »To other manufacturers. To put it simply, Tesla wins a lot of “bonus points” in the emissions control system in Europe, which promotes the sale of electric cars. Other builders, who sometimes have difficulty achieving their goals, can then buy these credits to make lower their CO2 averages.
But this market is quickly doomed to disappear: most of the major manufacturers are rapidly developing their electric ranges, and Europe will reduce the aid which is linked to them. The effect is already being felt for Tesla, since the income linked to these famous CO2 credits has increased from $ 428 million(363 million euros) during the second quarter of 2020 at $ 354 million (300 million euros) over the same period in 2021.
Despite these pitfalls, plus the continuing Covid crisis and the still raging semiconductor shortage, Tesla has multiplied by 10 his profits compared to 2020. The whole is carried by sales which continue to increase, and production finally at the level. Tesla has delivered more than 206,000 cars during this second half of 2021, a record for the brand. What to achieveproduction target, set by Elon Musk at 800,000 vehicles per year, against a little over 500,000 in 2020. These sales are driven by Model 3 and Model Y, which should go into production this year in the new German Gigafactory, but also by the release of the Model S restyled.
Source : BBC
Read also :
fbq('init', '1074802596328068'); fbq('init','3856678577721467'); fbq('track', "PageView"); jQuery(document).on("change_item" , function(e, i) if(i == 11) fbq('track', "ViewContent");
Launched more than 6 years ago, the Fiat Tipo is historically placed at an interesting…
Avid reader of the newspaper you are currently reading, a motorist is since January 2019…
Which countries are most affected by car theft? A new study reveals a less reassuring…
HysetCo has just inaugurated the largest hydrogen station in Europe at Porte de Saint-Cloud. It…