{
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  "docSlug": "dc645307e8682728544256c1b5d297df",
  "documentTitle": "Tesla | Results Presentation Deck | 27 slides",
  "authorId": "tesla",
  "authorName": "Tesla",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-07-01 00:00:00",
  "orientation": "landscape",
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  "pageNumber": 5,
  "pageCount": 27,
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  "function": "summarize",
  "density": "dense",
  "nDataPoints": 6,
  "notes": "The slide uses a structured list format to explain the drivers behind financial metrics.",
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  "slideHref": "/slides/019de075-6c31-736d-9023-48a30d74aafa/5",
  "deckHref": "/decks/019de075-6c31-736d-9023-48a30d74aafa",
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  "components": [
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      "kind": "list",
      "text": "Revenue: Total revenue grew 47% YoY in Q2 to $24.9B. YoY, revenue was impacted by the following items: + growth in vehicle deliveries, + growth in other parts of the business, - reduced ASP YoY (excluding FX impact), - negative FX impact of $0.6B",
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      "kind": "list",
      "text": "Profitability: Our operating income decreased slightly YoY to $2.4B in Q2, resulting in a 9.6% operating margin. YoY, operating income was primarily impacted by the following items: - reduced ASP due to mix and pricing, - cost of production ramp of 4680 cells and other related charges, - increase in Operating expenses driven by Cybertruck, AI and other large projects, - negative FX impact, + growth in vehicle deliveries (despite margin headwind from underutilization of new factories), + lower cost per vehicle, which includes lower raw material costs and IRA credit, + gross profit growth in Energy business as well as Services & Other. Other income (below operating income line) was positively impacted by FX movements on certain intercompany balances.",
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      "text": "Cash: Quarter-end cash, cash equivalents and investments increased sequentially by $0.7B to $23.1B in Q2, driven mainly by free cash flow of $1.0B, partially offset by other financing activities, including debt repayments.",
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      "kind": "source-note",
      "text": "(1) Impact is calculated on a constant currency basis. Actuals are compared against current results converted into USD using average exchange rates from Q2'22.",
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      "kind": "title",
      "text": "FINANCIAL SUMMARY",
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      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Financials",
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      "evidence": "The financial summary slides provide an overview of Tesla's financial performance",
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      "name": "Cost Of Inaction",
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      "matchId": "b305cb43-6451-48f4-921e-c278e8eb38a0",
      "evidence": "The financial summary slides imply the benefits of investing in Tesla",
      "position": 0,
      "objective": "Highlighting the cost of not investing in Tesla's technology",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.6,
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