During the afternoon, Tesla announced the results of the Q2. Earnings will be revealed later today.

The company announced that it made $6,349 billion in revenue and a loss of $1.12 per share. These numbers balance between a prediction made by Wall Street and the results from the Q1.

On the first quarter, Tesla had $4.5 billion in revenue and a loss of $4.10 per share, which shows a growth in the company’s numbers but according to Wall Street, the expectations were of revenue of $6.375 billion and a loss of $0.54 per share.

Elon Musk’s company also stated that, even though it had this loss, Tesla has on its hands about $5 billion to use in covering the negative results. The value is “the highest in Tesla’s history.”

You can check the whole shareholder document here:

Q2’19 Update Letter by Fred Lamert on Scribd