Introduction: On July 24, Beijing time, Tesla just released its second-quarter earnings report. Amid the thriving new energy market in the second quarter, what kind of results did Tesla deliver? Let's take a look at some key points from this earnings report. 1. Net Profit Drops 45% Year-on-Year Tesla's fiscal second-quarter 2024 earnings report showed revenue of $25.5 billion, up 2% year-on-year. However, net income attributable to Tesla's common shareholders was $1.478 billion, a 45% decrease from the same period last year.

2. Committed to the Pure Electric Route By continuously gaining market share from internal combustion engine vehicles, the penetration rate of global electric vehicles is continuously increasing. Tesla will adhere to the pure electric route, believing that pure electric vehicles will ultimately win over consumers. Concerns among consumers regarding electric vehicle range, charging, and service are gradually being addressed, laying a solid foundation for Tesla's future development.

3. Progress on FSD Tesla has made significant progress in Full Self-Driving Capability (FSD). The new version of FSD monitors driver attention through eye-tracking software, which works even when wearing sunglasses. Tesla has also enhanced the robustness of the next-generation FSD (supervised) model by adding a large number of parameters.

Furthermore, Tesla has reduced the price of FSD in North America and offered free trials, which will further promote the popularization of FSD.

4. Regarding Robotaxi Tesla's layout in the Robotaxi sector demonstrates its profound insight into future mobility. Optimus' handling of battery tasks at Tesla's factory and the upcoming completion of the Gigafactory South in Texas, which will house Tesla's H100 clusters, both signal Tesla's ambition in the autonomous taxi space.

Tesla will continue to pursue a revolutionary "unboxed" manufacturing strategy for its Robotaxi products. Tesla believes that while the deployment of autonomous taxis depends on technological advancements and regulatory approvals, it is fully seizing this opportunity due to its immense potential value.

5. About 4680 Batteries

Tesla has achieved significant results in the development and production of 4680 batteries, with second-quarter production increasing by more than 50% year-on-year, and costs continuing to decline. In July, Tesla began testing the first Cybertruck prototype equipped with 4680 batteries, indicating that this technology will bring revolutionary cost advantages to Tesla.

6. About New Models Tesla plans to introduce more affordable new models in the first quarter of 2025. These models will combine the advantages of Tesla's next-generation platform with its existing platforms, further reducing costs while driving production growth for Tesla in an uncertain market environment. Although the cost reductions achieved by this approach are lower than previously expected, it can drive production growth for Tesla in an uncertain market and help Tesla fully utilize its maximum capacity (nearly 3 million vehicles) to achieve over 50% growth in production from 2023 levels without building new production lines.

6. What other information did Musk reveal? During the subsequent earnings call, Tesla CEO Elon Musk also revealed a lot of information.

According to him, Tesla may obtain FSD (Full Self-Driving) licenses in other markets by the end of this year, such as Europe and China. However, Musk also confirmed that the launch of the Robotaxi, originally scheduled for August this year, has been postponed to October 10. During the earnings call, Tesla's share price fell by as much as 8% in after-hours trading on U.S. stock markets.