The latest Tesla earnings call reveals a tenfold increase in net income as Tesla made over one billion dollars after expenses. The company also continues to produce at capacity, amid persisting global challenges and record demand for electric cars.
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Tesla has just released its Q2 earnings in a report and live webcast. The company was able to report the fourth sequential quarterly profit, despite the Corona crises, as well as an increase in cash. Tesla boss Elon Musk also revealed more details about the new site of the new Giga factory in Texas.
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In the second financial quarter of 2019, Tesla has produced 87,048 cars and delivered 95,356, surpassing all previous quarterly figures and enabling a similarly record-breaking cash flow. CTO, JB Straubel is stepping down after 15 years with the company.
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Audi is now presenting its third “vision vehicle” after the AIcon and the PB18 at Auto Shanghai. The autonomous city electric car called AI:ME accompanies the series version of the fully electric Q2 L e-Tron for the Chinese market, which also debuts at the trade fair.
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Audi has teased yet another e-SUV based on MEB at the Dutch market launch of the Audi e-tron. This new model would join the ranks of the already planned Audi e-tron, e-tron Sportback and e-tron GT. Plus, the supercar PB18 e-tron with solid-state battery is to become a reality, at least for the selected few.
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When closing a critical quarter, the pressure was on Tesla to present numbers that speak of potential profitability. The company thus urged Model 3 reservation holders in North America to configure their car Bloomberg suggests. But there are more substantial numbers too.
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Audi is working on a long wheel base version of its Q2 that is most likely to launch in China. If so, there will be an all-electric version as well, meaning the new Audi Q2 L would eventually hit the market as e-Tron with a range of up to 500 km.
indianautosblog.com, motor1.com