2023-07-20 03:02:29
PABLO SCARPELLINI
los angeles
Updated Thursday, July 20, 2023 – 03:02
The electric brand reaches 2,700 million dollars in gross income spurred by the success of the Model Y, the best-selling car in the world
An electric vehicle charging station. JOEL SAGETAFP
Tesla’s numbers are improving by leaps and bounds. The world leader in electric cars beat a record in the second quarter of 2023 in terms of producin, deliveries and tickets, with 20% more profit than a year ago. The 2,700 million dollars of gross income out of a total of 24,927 million invoiced improve the 2,270 million of the second quarter of 2022, supported by the indisputable popularity of its models. The Y of the brand led by Elon Musk became best selling car in the world in the first quarter of the year.
“We are excited to have been able to achieve such results given the macroeconomic environment in which we currently find ourselves,” the company said in a statement, justifying the decline in operating margins to 9.6% due to the adjustment in the prices of their models and the increase in production costs due to skyrocketing inflation rates.
“Short-term variances in gross margins and profitability are really minor relative to the long-term outlook,” Musk said during the traditional shareholder post-chat. “Autonomy will make all these numbers look silly.”
That is where the great commitment to the future of the brand passes. Tesla announced that it has started producing its Dojo computers to try to dominate the artificial intelligence and computer science space. autopilot technology for their vehicles. Musk aspires to have a fleet of millions of vehicles circulating without drivers and generating income for their owners.
“We are hopeful that our immense neural network training needs will be met using our in-house designed Dojo hardware,” the statement said. “The better the trainability of the neural network, the greater the opportunity for our autopilot team to find new solutions.”
The report also reflects the data shared by the company a week ago about the vehicle production record. In total, 479,700 cars left its factories, with 90% of production concentrated on its two flagship cars, the Model 3 and the Model Y. Only 19,489 units of the S and X were produced in the quarter.
The next big challenge is the Cybertruck, the futuristic pickup with which it intends to fully enter a key segment in the United States. Last week they confirmed the manufacture of the first unit at the Austin plant, in Texas, where they have transferred the company’s headquarters. The goal is to ship some 2,000 vehicles this year, according to Deutsche Bank, with more than 40,000 confirmed reservations to date.
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