Tesla’s Q2 Net Income Up 20% YoY Due to Higher EV Sales

The company also saw growth in the energy storage and solar verticals

July 20, 2023

/ Arjun Joshi
/ Electric Vehicles, Finance and M&A
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U.S.-based electric vehicle (EV) maker Tesla reported a net income of $2.7 billion in the second quarter (Q2) of the financial year (FY) 2023, a 20% year-over-year (YoY) increase. The company attributed it to increased vehicle deliveries and other parts of the business, which include energy storage and solar project deployments.

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Arjun Joshi

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Electric VehiclesRevenueSolarTesla
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