July 19, 2023 – Electric vehicle giant Tesla has released its key performance data for the second quarter of 2023, showcasing remarkable growth and achieving several significant milestones.
The company’s revenue surged by an impressive 47% year-on-year to reach a record-breaking $24.927 billion.
Tesla’s net income attributable to shareholders also witnessed a 20% YoY increase, amounting to $2.703 billion.
However, it’s worth noting that the gross margin dipped to 18.2%, down from 25% during the same period last year and 19.3% in Q1 2023.
Tesla’s produc …