In this brief earnings recap video, I will talk over my single biggest takeaway from hearing the executives talk, explain the stock’s reaction, and tell you why I think Tesla’s future is brighter than ever!  

Tesla says they had a $535M increase in their cash and cash equivalents in Q2 were raised to $8.6B. Free cash flow was $418M in Q2 with $327M GAAP operating income, a 5.4% operating margin in Q2, $104M GAAP net income, and $451M non-GAAP net income. That marks four quarters of sequential profitability for the company. Tesla revenue hit $6.04 billion during the second quarter of 2020, with about 7% of that, or $428 million, coming from sales of regulatory credits allowing profitability, and, now, S&P500 inclusion.    

How does Tesla use regulatory credits to log revenue and offset operating costs? It’s a great question and now is a great time for me to clear up any confusion.  

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