This was the eighth profitable quarter in a row for Tesla, but the first where it can truly say it’s a profitable automaker. Tesla shared Monday that it logged a $1.1 billion profit in the second quarter of 2021, with $354 million of that coming from credit sales.

Was Tesla profitable last year?

Analysts surveyed by Factset estimated $11.4 billion in revenue and $600 million in profit. Tesla’s automotive revenue was $10.2 billion in the second quarter. … Tesla’s Q2 net income of $1.14 billion compared favorably with the $104 million worth net income in the same period last year, a gain just shy of 1,000%.

When did Tesla start profiting?

Elon Musk’s Tesla finally stayed profitable for a full year, the first time since its public listing in 2010. Tesla reported a net income of $270 million in 2020’s final quarter, helping Elon Musk’s electric vehicle powerhouse notch its first profitable year.