Drive China January 27, 2022 news
Tesla Motors today announced the company's fiscal 2021 fourth quarter and full year earnings.
Tesla Motors' total revenue for the fourth quarter was $17.719 billion, up 65 percent from $10,744 million in the year-ago quarter; net profit was $2,343 million, compared to $296 million in the same period last year; and net income attributable to common shareholders was $2,321 million, up 760 percent from $270 million in the year-ago quarter, the report showed.
Among them, Tesla Motors' fourth-quarter revenue and adjusted earnings per share both exceeded Wall Street analysts' expectations, with revenue of $17.719 billion, an increase of 65% compared with $10.744 billion in the same period last year, exceeding analysts' previous expectations. Tesla Motors' total revenue from the automotive business in the fourth quarter was $15.967 billion, up 71 percent from $9.314 billion in the year-ago quarter and $12.057 billion in the previous quarter.
Tesla said it plans to expand its manufacturing capabilities as soon as possible. Over the next few years, Tesla expects its vehicle deliveries to increase by an average of 50 percent per year, and the growth rate will depend on the company's equipment capabilities, operational efficiency, and the capabilities and stability of its supply chain. With supply chains becoming the main limiting factory, Tesla's own factory has been undercapacitated for several consecutive quarters, and this is likely to continue throughout 2022.
Tesla also said that while the company continues to implement innovations to reduce manufacturing and operating costs, hardware-related profits will accelerate over time along with software-related profits.
In the future, Tesla will continue to look for new factory locations, musk said, in the next few years, the average annual growth rate of vehicle delivery is expected to reach 50%. Have sufficient funds to support the company's product roadmap as well as long-term capacity expansion plans and other expenses, and plan to increase production capacity as soon as possible.
In addition, fully autonomous driving will be realized this year.
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