Tesla also cut costs which helped it offset many of the supply chain and microchip shortfalls facing the auto industry.
Despite the pandemic and the supply chain crisis, Tesla posted record deliveries during the quarter, thanks to sales of cheaper models including Model 3 sedans and Model Ys.from $6.04bn Tesla said operating income rose with volume growth and cost reduction, which offset higher supply chain costs, lower regulatory credit revenue and other items including $23m Tesla's profitability has often relied on selling regulatory credits to other automakers, but in the second quarter, Tesla was profitable without these credits for the first time since the end of 2019. Its GAAP net income was $1.
Tesla said it said it has delayed the launch of the Semi truck programme to 2022 to focus on starting factories and due to limited availability of battery cells and other parts this year.
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