A year of large profit of 34.9 billion yuan, a net profit of 100 million yuan a day - under the wave of global automobile electrification, the performance of the "leading big brother" Tesla has exploded again and again, so that people no longer doubt the market feasibility and profitability of electric vehicles.
On January 27, Beijing time, Tesla disclosed financial report data show that in the fourth quarter of 2021, the company's revenue was 17.72 billion US dollars, an increase of 65% year-on-year, and the net profit reached 2.3 billion US dollars, an increase of 760% year-on-year, and the single-quarter revenue and net profit once again refreshed the record high, and achieved profitability for the 10th consecutive quarter; Tesla's auto sales gross margin was as high as 30.6%, which also hit a record high.
From the perspective of the whole year, in 2021, Tesla achieved revenue of $53.823 billion, an increase of 71% year-on-year; net profit of $5.519 billion, about 34.883 billion yuan, an increase of 665% year-on-year; this is also the first consecutive year since Tesla's listing.
On the conference call, Musk said Tesla deliveries will easily grow by more than 50 percent in 2022, fully autonomous driving this year, and the first batch of 4680 battery cars will be delivered this quarter. It is worth noting that the humanoid robot business has high hopes for Musk. Musk said that developing the Optimus humanoid robot is one of Tesla's most important jobs this year. Over time, Optimus is likely to become more important than the automotive business.
From the secondary market point of view, Tesla's stock price closed up 2% on the same day, the latest market value of $941.4 billion, although since the historical high of November last year pulled back 24%, but from 2019, Tesla's stock price rose as much as 13 times. At present, Musk is still firmly on the throne of the world's richest man. According to Forbes real-time rich list data, Musk is currently worth $242.8 billion, $57 billion more than the second place.
Earn 100 million a day! Tesla released a strong financial report, and a number of indicators set new records
According to the latest financial report data, in the fourth quarter of 2021, Tesla achieved revenue of $17.72 billion, compared with $10.744 billion in the same period last year, an increase of 65% year-on-year; net profit was $2.321 billion, compared with $270 million in the same period last year, an increase of 760%; earnings per share was $2.05, compared with $0.24 in the same period last year, an increase of 754% year-on-year. It is worth mentioning that Tesla's single-quarter revenue and net profit once again hit a record high, and achieved profitability for the 10th consecutive quarter.
In the fourth quarter, Tesla's automotive revenue reached $15.967 billion, an increase of 71% year-on-year; gross profit was $4.882 billion, an increase of 118% year-on-year; and the gross profit margin of automobile sales was as high as 30.6%, a record high, continuing to beat other mass-produced vehicle companies around the world.
For the full year of 2021, Tesla achieved revenue of $53.823 billion, compared to $31.536 billion in the same period last year, an increase of 71% year-on-year; net profit of $5.519 billion (about 34.883 billion yuan, compared to nearly 100 million yuan a day), $721 million in the same period last year, an increase of 665% year-on-year; earnings per share of $4.9, and $0.64 in the same period last year, an increase of 666% year-on-year.
Among them, the annual revenue of the automobile business was 47.232 billion US dollars, an increase of 73% year-on-year; the gross profit was 13.839 billion US dollars, an increase of 98% year-on-year; and the gross profit margin of automobile sales was 29.3%, which was also a new high in the calendar year.
For the full year of 2021, Tesla delivered 936,200 vehicles, an 87% increase over 2020, when Tesla delivered 499,600 vehicles.
Tesla: Full autonomous driving will be achieved this year, and the chip shortage will be alleviated next year
Tesla said 2021 will be a breakthrough year for Tesla. The market viability and profitability of electric vehicles should no longer be doubted. According to the latest data, Tesla deliveries increased by 87% in 2021, achieving the highest quarterly operating margin among all production OEMs, which has shown that electric vehicles have more market prospects than fuel vehicles.
"After the great success of 2021, we will focus on the future." Tesla said it plans to increase capacity as quickly as possible, not only from new plants like Austin and Berlin, but also from existing plants like Fremont and Shanghai. It is believed that the market competitiveness of electric vehicles will be determined by their overall supply chain and production ramping ability.
Fully autonomous driving capability (FSD) software remains one of Tesla's key areas. Tesla said that over time, software revenue will help the overall profitability to a greater extent. What's more, fully autonomous driving capabilities are an important part of improving car safety, and through the increase in Tesla vehicle usage, it will further accelerate the world's transition to sustainable energy. Musk has made a bold prediction that nearly 60,000 cars in the United States are equipped with fully autonomous driving betas, expecting to achieve full self-driving this year, and calling it the most significant software upgrade ever.
Still, Tesla has warned that supply chain shortages, which have led to a decline in sales at most other major automakers, will also squeeze Tesla. "With supply chains becoming the main limiting factory, our own factories have been operating below capacity for several consecutive quarters, which is likely to continue into 2022." Musk said Tesla is facing chip restrictions this year and will ease next year.
Musk: No new cars pushed this year Delivery of the first batch of 4680 battery vehicles in the first quarter
On Tesla's earnings call, Musk said Tesla would not launch new models this year and had no plans to develop a low-priced model that would cost $25,000.
Musk said the ongoing chip shortage means that if a new model is released, it will lead to a reduction in the total number of car deliveries. "If we had launched a new car last year, there would have been no increase in total car production due to restrictions, especially on chips. Therefore, we will not introduce new models this year. There is no point in doing so. Musk said that one day we will do this, but we have enough to do now. He also explained that the focus on the issue is not right because "what really matters is when the car goes to autonomous driving, which will bring down transportation costs by a factor of four to five." ”
Musk has repeatedly hinted that a $25,000 Tesla car is possible. Musk has been promising a low-priced model in recent years, in part because Tesla is working to lower battery production costs. In 2020, Musk mentioned at the company's shareholders' meeting that Tesla may launch such a car in the next 3 years. Now it seems that Musk's predictions are too optimistic.
Musk revealed on the earnings call that Tesla is producing a Model Y equipped with 4680 batteries at its Austin factory, and the first vehicles equipped with 4680 structural battery packs are likely to begin deliveries by the end of this quarter. In addition, Musk also talked about Tesla's energy business and the progress of energy products, saying that Tesla will use iron-based batteries in its energy storage products. All stationary storage will shift to iron-based or non-nickel-based storage systems.
It is understood that in September 2020, Tesla officially announced the 4680 battery cell, which is known as a 5-fold increase in the energy density of the single body, an increase of 16% in the mileage of the whole vehicle, a 6-fold increase in electricity compared to a polar ear battery, and a 6-fold increase in power output. At the end of July 2021, Tesla announced that it expects to reach 4680 battery production capacity of 100GWh per year by the end of 2022, which can meet the needs of 1.3 million electric vehicles.
In November last year, the head of Panasonic's battery department told the media that Panasonic was preparing to mass-produce 4680 large cylindrical battery cells for Tesla. Musk has previously said Tesla has plans to make its own batteries, but will also continue to source them from Panasonic or other power battery makers.
At this stage, Tesla mainly relies on power battery manufacturers such as Panasonic, LG Chemical, and Cataltime to provide batteries, while 4680 batteries, only Panasonic is currently the only battery supplier announced to the public.
In mainland China, the listed company Ewell Lithium Energy also has a layout of 4680 batteries. On the evening of November 5 last year, Yiwei Lithium Energy issued an announcement that the company's subsidiary Yiwei Power intends to sign a "Contract Letter" with the Management Committee of Jingmen High-tech Zone, respectively, to invest in the construction of 20GWh passenger car large cylindrical battery production line and auxiliary facilities project, 16GWh square lithium iron phosphate battery production line and auxiliary facilities project in Jingmen High-tech Zone, with a total fixed asset investment of about 6.2 billion yuan. At the groundbreaking ceremony of the Jingmen Power Energy Storage Battery Industrial Park held on the same day, Liu Jincheng, chairman of Yiwei Lithium Energy, said that the 4680 and 4695 large cylindrical battery production lines will be built in the Jingmen Power Energy Storage Battery Industrial Park.
Tesla CFO Zach Kirkhorn said on Wednesday's earnings call that Tesla has reached out to a number of suppliers on the morphological factor of the 4680. We're very engaged because we think it's a good form factor. However, the pattern factor of 4680 is not the "final pattern".
Musk: Tesla's humanoid robot business may be more important in the future than the car business
On Tesla's earnings call, Musk told investors that developing the Optimus humanoid robot is one of Tesla's most important jobs this year.
Musk said that the humanoid robot can help the United States solve the labor shortage problem, and it will first be applied to tesla factories. Musk said: "Over time, Optimus may become more important than the automotive business. Tesla plans to launch a prototype device sometime in 2022.
Musk said, "The foundation of the economy is labor, so what if there is a labor shortage?" I don't know what the economy meant at that time. That's what Optimus is all about. So, very important. Musk unveiled the robot for the first time at Tesla's Artificial Intelligence Day event last August, and Tesla intends to let it take over the dangerous, repetitive physical work of humans in the future. Tesla said Optimus, also known as Tesla Robotics, will use the same artificial intelligence systems as driver assistance technologies such as Tesla's autopilot.
Original title: Earn 100 million a day! Tesla's performance has once again exploded, and a number of indicators have set new records! Musk said: This business will be more important than cars
Article Source: Broker China