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How does Tesla get money without making a profit

Apart from Ev car manufacturing, what other businesses Tesla makes money from? Read to Know more.

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How does Tesla get money without making a profit

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  1. HOW DOES TESLA GET MONEY WITHOUT MAKING A PROFIT? www.academicassignments.co.uk

  2. INTRODUCTION Tesla's second-quarter profit features 42% revenue growth. Regulatory credit sales are not a material part of the business. The company reported that the 2020 adjusted net income of $2.5 billion performed well for more than a year.

  3. GIGA FACTORY IN BERLIN The Gigafactory Berlin has produced 1,000 vehicles in a single week. Tesla had a net income of $5.51 billion at the end of 2021. According to new-car registration data from California, Texas, and 20 other states, Model Y deliveries have increased.

  4. SERVICING OLD TESLA VEHICLES EV manufacturer Tesla has earned revenue by servicing old Tesla vehicles. Its services and other charges, which generate revenue from regulatory credits and energy storage, increased by 68% and saw revenue growth by 68% — from $326 million a year earlier to $548 million.

  5. CARBON CREDITS Around 20 per cent of revenue, comes from receiving carbon credits from various US government clean energy schemes because it is a manufacturer of electric vehicles. Tesla sells around $279-679 million per quarter of its carbon credits to other automakers. In 2021, it sold $1.46 billion in credits

  6. ENERGY GENERATION AND STORAGE The energy generation and storage segment accounts for 5% of total revenue and includes the design, manufacture, installation, sales, leasing of solar energy generation and energy storage products revenue for the segment rose 39.9% to $2.8 billion.

  7. AUTOMOTIVE Tesla's automotive segment comprises of design, development, manufacturing, sales, and leasing of electric vehicles, this segment, accounts for 95% of total revenue and includes non-warranty after-sales vehicle services, sales of used vehicles, retail merchandise, and vehicle insurance revenue. The gross revenue rose 72.8% to $51.0 billion.

  8. HOW DOES TESLA EARN PROFIT? Tesla’s gross margin went up from 26.5%, one of the highest gross margins in the auto industry. Growth in vehicle deliveries Reduced cost per vehicle despite Inflationary pressures Expedite costs of rising raw material, cutting the unit price of parts Increase in operating expense

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