Tesla reported adjusted earnings of $3.1 billion, or 91 cents a share, up 20% from the second quarter last year.

Analysts surveyed by Refinitiv had forecast earnings of 82 cents a share.

Its profit margin of 18.2% was also better than expected

Tesla, Inc. is an American multinational automotive and clean energy company

Its headquartered in Austin, Texas

Tesla designs and manufactures electric vehicles, stationary battery energy storage devices, solar panels

The company was incorporated as Tesla Motors, Inc. on 1st July, 2003, by Martin Eberhard and Marc Tarpenning.

Tesla's first car, the Roadster, was officially revealed to the public on July 19, 2006

In 2022, the company led the battery electric vehicle market, with 18% share.

 Tesla Energy is one of the largest global suppliers of battery energy storage systems with 6.5 gigawatt-hours installed in 2022