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Tesla Q2 Earnings Highlights: Revenue Beat, EPS Miss, Robotaxi Update, 2024 Growth Rate To Be 'Notably Lower' Than 2023

Electric vehicle giant Tesla Inc (NASDAQ:TSLA) reported second-quarter financial results after the market close Tuesday. Here are the key highlights. What Happened: Tesla reported second-quarter revenue of $25.5 billion, up 2% year-over-year. The revenue total beat a Street consensus estimate of $24.73 billion, according to data from Benzinga Pro. "In Q2, we achieved record quarterly revenues despite a difficult operating environment," according to the automaker. Revenue was favorably impacted by growth in the Tesla Energy segment and from Cybertruck deliveries, the company said. The company reported earnings per share of 52 cents in the second quarter, down 43% year-over-year. The earnings per share missed a Street consensus estimate of 62 cents per share. Tesla reported second-quarter deliveries of 443,956 vehicles and production of 410,831 vehicles, down 5% and 14% year-over-year, respectively. The company said its global electric vehicle penetration returned to growth in the second quarter and took share from gas-powered vehicles. The Cybertruck was the best-selling electric pickup truck in the United States in the second quarter, Tesla said. The ...