Tesla Q2 recorded revenue of $28.5 billion and delivered a record high of 480,000 vehicles. But the adjusted EPS was only 0.33 dollars, significantly lower than Wall Street's expectations of 0.50 to 0.53 dollars.
Operating expenses soared 47% to $4.35 billion, and operating profit margin plummeted to 1.4% from 4.1% in the same period last year. Capital spending surged 142% to $5.79 billion, and CFO Vaibhav Taneja confirmed that capital spending for the whole year would exceed $25 billion.
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