Tesla's second-quarter net profit was $1.172 billion, down 20.7% year-on-year
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Planet Daily News: Tesla's second-quarter revenue was $22.50 billion, a 12% decrease year-on-year, with an estimated $22.64 billion. The second-quarter net profit was $1.172 billion, a 20.7% decrease year-on-year, compared to the market expectation of $1.136 billion. The adjusted earnings per share for the second quarter was $0.40, down from $0.52 in the same period last year, with an estimate of $0.42. The second-quarter gross margin was 17.2%, compared to 18% in the same period last year, with an estimate of 16.5%. The second-quarter free cash flow (FCF) was $146 million, down from $664 million in the first quarter, with analysts expecting $760 million.
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