Shanghai Securities News China Securities Network News (reporter Song Weiping) Tesla released the fourth quarter of 2021 and the full year of 2021 financial report on January 27. The report shows that in the fourth quarter of 2021, Tesla's profitability and operating records reached new highs. Among them, the fourth quarter operating profit was $2.6 billion, with an operating margin of 14.7%, and the net profit was $2.3 billion, an increase of 760% year-on-year.
2021 was a breakthrough year for Tesla. According to the latest data, Tesla broke the delivery record of about 940,000 vehicles in 2021, an increase of 87% year-on-year. Tesla generated a net profit of $5.5 billion in 2021.
Tesla said that in 2022, Tesla plans to increase production capacity as quickly as possible, not only including the production supply of new factories such as Austin and Berlin, but also the capacity of existing factories such as Fremont and Shanghai. Vehicle delivery is expected to grow at an average annual rate of 50% in the coming years. The specific growth rate depends mainly on the company's equipment capacity, operational efficiency, and the capacity and stability of the supply chain.
Tesla also said that thanks to the strong drive of energy storage products, the company's installed capacity of energy storage products in 2021 increased by 32% year-on-year. Meanwhile, Tesla's installed solar capacity in 2021 grew to 345MW (megawatts), up 68% year-on-year, and almost all solar products were purchased using cash or loans. Tesla's solar roof installations nearly tripled year-over-year in 2021 and continued to grow in the fourth quarter.
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