$Tesla Motors(TSLA)$ reported second-quarter earnings after the bell Monday, and it’s a beat on both the top and bottom lines.Revenue increased by 98% year-on-year, and net profit increased by 10 times. Tesla Motors's financial report is definitely great. However, the stock price performance is not good enough.What happened? here is how Tesla did in the second quarter as per the just released investor letter: Revenue $11.96B, beating the est $11.36B Adjusted EPS $1.45, beating the est 97c Free Cash Flow $619M, beating the estimate of a Negative $319.1M Automotive gross margin 28.4%, beating the estimate of 25.0% Cash and cash equivalents of $16.229BN, missing the estimate $16.55 billion Tesla Motors's revenue in the second quarter of 2021 was $11.96
The electric-vehicle company Tesla reported its best quarterly results ever Monday evening, but investors and analysts are greeting the news with measured optimism—a sign that Tesla is maturing as a company.Tesla reported $1.45 in adjusted per-share earnings for the second quarter, far higher than the roughly 95 cents analysts were looking for. Sales from regulatory credits—a source of revenue seen as less sustainable than sales of vehicles—-fell, but operating profits rose to record highs beca