During Q2 2024, Tesla delivered 443,956 vehicles, surpassing Wall Street's expectation of 438,019. The company reported $25.5 billion in revenue and $0.52 non-GAAP EPS, slightly lower than analysts' estimates.
The increase in Tesla's total revenue by 2% year-over-year was driven by growth in energy generation, Cybertruck deliveries, and higher regulatory credit revenue. GAAP operating income was $1.6 billion, with GAAP net income at $1.5 billion and non-GAAP net income at $1.8 billion for Q2 2024.
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