Tesla Posts $1.4 Billion in Revenue for 2Q2021.
We take a look into Tesla's earnings for Tesla & Hasbro Earnings
Tesla Inc. released its financial statements for the second quarter after the market closed late Monday.
In the financials, Tesla announced that they produced over 200,000 vehicles, breaking records and achieving an operating margin of 11%.
Tesla posted $1.14 billion in (GAAP) net income for the quarter, the first time it has surpassed $1 billion. In the year-ago quarter, net income amounted to $104 million.
During the financial year release, Tesla CEO Elon Musk denied that Tesla uses large amounts of cobalt in the production of lithium-ion cells, which the companies used in their electric vehicles.
In terms of analyst expectations, Tesla posted a profit of $1.45 per share, a range above analyst expectations of $0.98 cents per share.
Outlook:
Tesla has indicated that they will start the manufacture of the Model Y and the much-hyped Cybertruck from late 2021.
Hasbro Earnings.
Looks like the toy story has hit big! Monday’s earnings pushed the share price to an all-time of $103.54 per share.
Hasbro, the toymaker posted better-than-expected second-quarter earnings with a 54% growth in quarterly revenue. Hasbro has now narrowed its losses to $22.9 million, or $0.17 cents a share, with a revenue of $1.32 billion effectively earning $1.05 per share, topping analysts’ estimates.
Get Hisa from Google Playstore or App Store on iOS and join our community of investors.