Tesla's Q2 Earnings Beat Expectations, Q3 Production to Slightly Decrease
TL;DR Summary
Tesla reported Q2 revenue and earnings that beat expectations, with revenue of $24.9 billion and adjusted EPS of $0.91. However, the company's gross margin came in below analyst expectations at 18.2%. Tesla CEO Elon Musk stated that Q3 production would decrease slightly due to factory upgrades. Musk also revealed that Tesla is in discussions with a "major OEM" to license its full-self driving software.
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