Highlights 03 Financial Summary 04 Operational Summary 06 Vehicle Capacity 07 Core Technology 08 Other Highlights 09 Outlook 10 Photos 11 Key Metrics 19 Financial Statements 21 Additional Information 27 HIGHLIGHTS SUMMARY
Cash Operating cash flow less capex (free cash flow) of $619M in Q2 In the second quarter of 2021, we broke new and notable records. We produced and delivered over 200,000 vehicles, achieved an Net debt and finance lease repayments of $1.6B in Q2 operating margin of 11.0% and exceeded $1B of GAAP net income for the first time in our history. In total, $912M decrease in our cash and cash equivalents in Q2 to $16.2B Supply chain challenges, in particular global semiconductor shortages and port congestion, continued to be present in Q2. The Tesla team, including supply chain, software development and our factories, worked extremely hard to keep production running as close to full capacity as possible. With global vehicle demand at record levels, component Profitability $1.3B GAAP operating income; 11.0% operating margin in Q2 supply will have a strong influence on the rate of our delivery growth for the rest of this year. $1.1B GAAP net income; $1.6B non-GAAP net income (ex-SBC1) in Q2
We successfully launched Tesla Vision in Q2, which was mainly possible 28.4% GAAP Automotive gross margin (25.8% ex-credits) in Q2 due to our ability to use data from over a million Tesla vehicles to source a large, diverse and accurate dataset. Solving full autonomy is a difficult engineering challenge in which we continue to believe can only be solved through the collection of large, real-world datasets and cutting- edge AI. Operations Record vehicle production and deliveries in Q2 Public sentiment and support for electric vehicles seems to be at a Successful launch of FSD subscription in July never-before-seen inflection point. We continue to work hard to drive down costs and increase our rate of production to make electric vehicles Started delivering the new Model S to customers accessible to as many people as possible.