“Our operating margin remained healthy at approximately 10% [9.6%], even with price reductions in Q1 and early Q2. This reflects our ongoing cost reduction efforts, the continued production ramp success in Berlin and Texas and the strong performance of our Energy and Services & Other businesses,” Tesla said.

Tesla also reiterated its desire to be “at the forefront of AI development,” as it started production of so-called Dojo training computers. “We are hopeful that our immense neural net training needs will be satisfied using our in-house designed Dojo hardware. The better the neural net training capacity, the greater the opportunity for our Autopilot team to iterate on new solutions,” Tesla said.