ChargePoint Home WiFi Enabled Electric Vehicle (EV) Charger Positive impacts included lower operating costs due to a temporary reduction in employee compensation expense, a sequential increase in regulatory credit revenue and deferred revenue recognition of $48M related to a Full Self Driving (FSD) feature release. Tesla has released its financial results and shareholders letter for the second quarter of 2020 after market close today. During the period ending June 30, 2020, Elon Musk's electric car … For Q2 2020, Tesla lists Model 3/Y deliveries at 80,050. After the announcement of the Q2 2020 financial results, Tesla CEO Elon Musk along with other executives from the company held a webcast and Q&A session with institutional investors and journalists (listen to the full call below) — some of the interesting and exciting points from this conversation were posted on Twitter by our friends and active Tesla community members, let’s read: The company registered a decline of 3.7 percent in Q2 2020 revenue at $5.2 billion as compared to the last year. ... Here’s Tesla’s Q2 2020 shareholder letter and presentation in full: Title: Tesla, Inc. Q2 2020 Financial Results and Q&A Webcast: Date and Time: Jul 22, 2020 2:30 PM PDT Supporting Materials ... Tesla Q1 2020 Results. 5:30 PM ET - Conference call is supposed to start, I am eating a late lunch. Tesla, Inc. Q2 2020 Financial Results and Q&A Webcast These positive contributions were offset by significant costs related to factory shutdowns, as well as a sequential increase in non-cash SBC expense primarily attributable to $101M related to 2018 CEO award milestones.”To be fair, Tesla’s sale of regulatory credits for electric vehicles is what enabled the large profits by contributing $428 million.Other impressive metrics include that Tesla improved its gross margin quarter-over-quarter and it significantly increased its cash position:Tesla’s stock (TSLA) was up as much as 7% in aftermarket trading following the release of these results.Here we will be posting our follow-up posts about the earnings and conference call to expand on the most important points (refresh the page to see the most recent posts):Here’s Tesla’s Q2 2020 shareholder letter and presentation in full:Tesla is a transportation and energy company. Tesla's energy business results in Q2 2020 improved compared to Q1, but the full potential was hampered by the COVID-19 lockdown. Tesla has released its financial results and shareholders letter for the second quarter of 2020 after market close today.We are updating this post with all the details from the financial results, shareholders letter, and the conference call later tonight.There was a lot of speculation about whether or not Tesla would turn a profit since profitability this quarter could mean eligibility to the S&P500 and CEO Elon Musk has been teasing “breaking even” late in the quarter despite the impact of the pandemic.Today, the automaker announced that it made $6 billion in revenue and it reported a small profit of $0.50 per share (GAAP) in Q2 2020 – crushing expectations for revenue and for earnings.Tesla delivered $104M GAAP net income, $451M non-GAAP net income (ex-SBC) in Q2 – way higher than expected by virtually every analyst.In the shareholders letter, the automaker wrote about how it achieved profitability:“Our operating profit improved in Q2 despite challenging circumstances. Tesla Releases Second Quarter 2020 Financial Results PALO ALTO, Calif. , July 22, 2020 (GLOBE NEWSWIRE) -- Tesla has released its financial results for the second quarter of 2020 by posting an update on its Investor Relations website. Get interesting investment ideas by Fred Lambert Check back for some highlights from the Tesla Q2 2020 earnings results conference call, which starts at 5:30 PM ET:. Tesla reported its first full year of GAAP profits, along with second-quarter results Wednesday. It sells vehicles under its 'Tesla Motors' division and stationary battery pack for home, commercial and utility-scale projects under its 'Tesla Energy' division.Fred is the Editor in Chief and Main Writer at Electrek.You can send tips on Twitter (DMs open) or via email: fred@9to5mac.comThrough Zalkon.com, you can check out Fred’s portfolio and get monthly green stock investment ideas.The Big Tesla Hack: A hacker gained control over the en...Tesla teases nanowire tech in Battery Day announcementWatch the world's 1st electric hydrofoil boat in actionYou’re reading Electrek— experts who break news about Tesla, Inc. Q2 2020 Financial Results and Q&A Webcast Thankfully, Tesla was able to keep sales high having a lot of cars in transit from Q1 2020.