Tesla: stock jumps as Q2 adjusted EPS increases 57%

(CercleFinance.com) - Tesla reported Q2 sales of 16.
9 billion dollars, up 42% y-o-y ($11.9bn).

Meanwhile adjusted EBITDA was 3.8 billion dollars, up 52% on Q2 2021 ($2.4bn).

Tesla's adjusted net profit rose 62% to 2.6 billion dollars, which represents adjusted EPS of 2.27 dollars (+57%).

In particular the car maker benefited from the rise in its average selling prices and an increase in deliveries.

In Q2, Tesla's production increased by 25% compared to Q2 2021 (+601% for the Model S/X, whose production increased from 2,340 to 14,411 units; +19% for the Model 3/Y). At the same time, total deliveries rose by 27% (+753% for the S/X and +20% for the 3/Y).

The Tesla share rose almost 10% to 815 dollars yesterday.


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