Tesla makes a profit without helping emissions credits

Tesla has sold enough cars and energy products to make a profit even not counting the sale of emissions credits to other automakers, a milestone for the company. This was Tesla's eighth consecutive profitable quarter, but the first it can really say is a Profitable car manufacturer.

Tesla reported that it made $1.1 billion in profit in the second quarter of 2021, of which $354 million came from credit sales and the rest came from vehicle sales, in addition to increased energy storage sales.

Despite losing $23 million from its big bet on Bitcoin (which helped it turn a profit last quarter), delays in the rollout of a revamped Model S sedan and Model X SUV, and a global semiconductor shortage, Tesla finally made it through. Revenue of $11.9 billion in the quarter.

Tesla sales are once again dominated by the Model 3 sedan and Model Y, proving once again that there is a market for affordable electric cars. Tesla delivered more than 200,000 Model 3s and Model Ys in the quarter, compared to 1,895 Model S sedans sold.

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