Tesla's revenue in China last year reached $13.844 billion, up 107.8% year-on-year

IT Home February 7 news, Tesla to the U.S. Securities and Exchange Commission (SEC) submitted a 10-K annual report document shows that tesla in the Chinese market revenue in 2021 reached $13.844 billion, a year-on-year increase of 107.8%.

IT Home learned that Tesla's revenue in the Chinese market in the first three quarters of last year was $9.015 billion, and based on this, Tesla's revenue in China in the fourth quarter of last year was $4.829 billion. Tesla's revenue in China increased significantly, mainly due to the increase in production and deliveries at the Shanghai Gigafactory.

Tesla said it currently expects capital spending between $5 billion and $7 billion in 2022 and the next two fiscal years.

According to the statistics of the Association, Tesla's deliveries in China reached 484,130 units last year, accounting for 51.7% of Tesla's global 936,000 deliveries. At present, China is Tesla's largest market outside the United States, accounting for 25.7% of the company's revenue; the United States is still Tesla's most important market, and the company's revenue from the US market in 2021 will reach $23.973 billion, accounting for 44.55% of the company's total revenue.

In addition, Tesla announced that in the year ended December 31, 2021, an impairment loss of about $101 million was accrued due to changes in the book value of the company's bitcoins. As of December 31, 2021, Tesla's fair market value of Bitcoin holdings was $1.99 billion.

From this data released, Tesla's full year of 2021:

Tesla produced 930,422 vehicles and delivered 936,172 vehicles.

The Model S and Model X models were produced in 24,390 units and delivered 24,964 units;

The Model 3 and Model Y produced 906,032 units and delivered 911,208 units.