Tesla finally made a profit without the help of emission credits

Tesla Model Y
Image: Tesla

Tesla sold enough cars and energy products to turn a profit even without counting the sale of emissions credits to other automakers — a milestone for the company. 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. The rest came from automotive sales, as well as a boost in energy storage sales.

Tesla pulled this off despite taking a loss of $23 million on its big Bitcoin bet (something that had helped it to a profit last quarter), a delayed rollout of the revamped Model S sedan and Model X SUV, and the global semiconductor...

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