The electric car manufacturer Tesla has been pressured from several quarters, but the interim report for the second quarter was slightly better than expected.
Earnings per share were $ 2.27, significantly better than the expected $ 1:83. For the same period a year ago, earnings per share were $ 1:45.
Turnover landed at $ 16.9 billion, which is about what analysts thought.
Prior to the report, Tesla flagged staff reductions and the result was therefore expected to be weighed down by costs linked to severance pay.
Major investment in Bitcoin
Another blow that was assumed to be visible in the tables was Tesla’s major investment in the cryptocurrency Bitcoin. A major item was purchased in early 2021 at a price of approximately $ 28,000. During the second quarter, the bitcoin exchange rate was under heavy pressure, down to at least $ 17,785 per bitcoin on June 18, and since then it has only recovered marginally.
Prior to the report, Tesla also flagged negative effects in the form of component shortages and production problems related to the closure of the Group’s factory in Shanghai, China.
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