Jul 26, 2021 - Economy & Business

Charted: Tesla's record $1B quarter earnings

Data: FactSet and company release; Chart: Will Chase/Axios

The numbers are in: Tesla booked its most profitable quarter on record — $1.1 billion — a feat as the auto industry is strangled by shortages.

  • More of Tesla's sales came from actually selling its electric cars. It raked in $354 million from selling regulatory credits to automakers — $74 million less than this time last year.

What they’re saying: "Public sentiment and support for electric vehicles seems to be at a never-before-seen inflection point,” the company said.

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