Tesla designs, builds, and sells electric vehicles, which bring in most of its revenue. It also runs energy storage (Powerwall and Megapack) and solar businesses, and earns money from charging, insurance, and software. It is also investing in self-driving technology and humanoid robots.
Tesla talks about AI all the time, yet in its financial reports, AI doesn't have a ledger of its own. This video skips any single quarter and opens the report like a ledger to show how the business makes money over the long run.
Ahead of Tesla's Q3 earnings, a closer look at Q2: revenue rose by a quarter year over year, while operating profit fell by more than half. More vehicle sales did not translate into higher earnings.
