Tesla (TSLA) has released its financial results and shareholders letter for the second quarter of 2022 after market close today.

We are updating this post with all the details from the financial results, shareholders’ letter, and the conference call later tonight. Refresh for the latest information.

Tesla Q2 2022 earnings expectations

Earlier this week, we posted our Tesla Q2 2022 earnings preview with Wall Street expectations and crowdsourced expectations.

The Wall Street consensus for this quarter was $16.521 billion in revenue and earnings of $1.81 per share.

The expectations represent a rare quarter-to-quarter decrease for Tesla due to the forced shutdown of Gigafactory Shanghai resulting in about 250,000 deliveries instead of well over 300,000 that was expected.

Tesla Q2 2022 financial results

Tesla managed to beat expectations on both earnings and revenue despite a difficult quarter.

The automaker reported revenues of $16,934 billion (about $400 million more than Wall Street expected) and earnings per share of $2.27 (Non-GAAP versus $1.81 expected by Wall Street).

Tesla managed to increase its cash position by $0.8B to $18.3B during the quarter.

We will be posting our follow-up posts here about the earnings and conference call to expand on the most important points (refresh the page to see the most recent posts):

Here’s Tesla’s Q2 2022 shareholder presentation in full and conference call:

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