Business Debate: Is Mega-Chip Plant Terafab a Drag on Tesla? Q2 Vehicle Sales Up 23%, But Profits Fall 5%

Tesla released its financial results on the 22nd, reporting second-quarter revenue of $28.24 billion, a 26% year-over-year increase and surpassing the market forecast of $25.71 billion. However, adjusted earnings per share (EPS) came in at just $0.33, below the expected $0.51, and net profit fell 5% to $1..1 billion. Automotive business revenue reached $20.52 billion, up 23% year-on-year, while revenue from services including Full Self-Driving (FSD) surged by 50%. The biggest drag highlighted is the Terafab mega-chip plant project. The full report is available to VVIP members. Join the 'Hot Talk! Wall Street' LINE community to discuss global economic trends and investment markets with industry elites (password: WSJWSJ).