Tesla's Q2 revenue was $2.8 billion, with a net loss of $300 million and its automotive revenue doubled year-on-year

On August 3, Tesla announced its second quarter financial report for the fiscal year 2017 ending June 30. The report showed that the company's revenue for the quarter was $2.79 billion, compared with $1.27 billion in the same period last year, a year-on-year increase of 120%; the net loss attributable to shareholders was $336 million, compared with a net loss of $293 million in the same period last year, and the diluted loss per share was $2.04, compared with a loss per share of $2.09 in the same period last year.

Second quarter key financial data

Revenue was $2.79 billion, compared to $1.27 billion in the same period last year, a year-on-year increase of 120%.

Revenue from the electric vehicle business was US$2.287 billion, compared with US$1.182 billion in the same period last year, an increase of 94% year-on-year.

Revenue from the energy generation and storage business was $287 million, compared with $3.95 million in the same period last year, an increase of 7,166% year-on-year.

Revenue from services and other businesses was US$216 million, compared with US$84.22 million in the same period last year, an increase of 157% year-on-year.

Gross profit was US$667 million, compared with US$275 million in the same period last year, an increase of 143% year-on-year.

Net loss attributable to shareholders was $336 million, compared with a net loss of $293 million in the same period last year.

Diluted net loss per share was $2.04, compared to a net loss per share of $2.09 in the same period last year.

Second quarter key financial data

The net loss was $220 million, compared with a net loss of $226 million in the same period last year.

Diluted net loss per share was $1.33, compared to a net loss per share of $1.61 in the same period last year.

Other operating data

As of the end of the quarter, the company had cash, cash equivalents and short-term investments totaling US$3.036 billion, compared with US$3.393 billion at the end of last year.

The company produced 25,708 vehicles in the second quarter, up 40% from the same period last year, and delivered 22,026 Model S and Model X vehicles in the second quarter.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.