Tesla revenue beats consensus in Q2

(Reuters) – Electric-vehicle maker Tesla on Monday posted better-than-expected second-quarter results on Wall Street, aided by record deliveries despite continuing shortages of chips and raw materials.

The title of the world’s largest automobile manufacturer in terms of capitalization gained 1.3% in after-market transactions, after an increase of 2.2% in session.

The impact of the coronavirus pandemic on Tesla’s supply chains hasn’t stopped it from delivering a record number of vehicles in Q2, entry-level models like Model 3 sedans and Model SUVs. Y, remaining very largely in the majority.

The turnover of the company founded by Elon Musk stood at 11.96 billion dollars in the last three months, against 6.04 billion dollars in the same period last year, marked by the closure of its US plant for more than six weeks due to the pandemic, and a consensus of 11.3 billion, according to the IBES survey of Refinitiv.

(Akanksha Rana in Bangalore and Hyunjoo Jin in Berkeley; French version Tangi Salaün)

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