The company posted total revenue of $18.8 billion, up 81% year-over-year. Total automotive revenue came in at $16.86 billion, up 87% from the same period last year
Regulatory credits accounted for $679 million of automotive revenue for the quarter. Operating income improved to $3.6 billion during the quarter, resulting in a 19.2% operating margin.
Despite strong weekly production rates during the quarter, the company's Shanghai factory temporarily shut down due to a spike in COVID cases