Tesla reports record $1B income for Q2 despite $23M impairment loss on BTC

Cointelegraph

Published Jul 26, 2021 09:56PM ET

Updated Jul 26, 2021 11:40PM ET

Electric vehicle and clean energy firm, Tesla (NASDAQ:TSLA), has reported $1.14 billion in net income for the second quarter.

The firm’s July 26 earnings report showed that total revenue grew by 98% year on year (YOY) for Q2, increasing from $6 billion in 2020 to $11.9 billion this year. Tesla attributed the bulk of its growth to a surge in demand for its electric vehicles, stating:

Key Quarterly Metrics: Tesla

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