During Q2 2023 Tesla (TSLA) made ~480,000 vehicles and delivered more than 466,000. As a result, Q2-2023 was solid with Tesla setting its production and deliveries among its top five quarters. The result was revenue approaching $25B in a single quarter. Net revenue was $2.7 billion. (AutoInformed: Ford Cuts F-150 Lightning Prices by $6000 to $10,000)

“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 this week.

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.