Meigushe was informed that according to Sina Financial News, after the U.S. stock market on April 20, Eastern Time, Tesla released the first quarter of 2022 financial report, achieving total revenue of $18.76 billion, a year-on-year increase of 81%, about $1 billion higher than Wall Street's expectations; gross profit of $5.46 billion, an increase of up to 147% year-on-year, gross margin of 29.1%; according to U.S. GAAP, operating profit of $3.6 billion, up 507% year-on-year, operating profit margin of 19.2% Net profit attributable to common shareholders was $3.32 billion, an increase of 658% year-over-year, and earnings per share attributable to common shareholders were $2.86, an increase of 633% year-over-year.
According to the report, tesla's automotive business revenue climbed 87% year-on-year to $16.86 billion; the automotive business gross profit was $5.54 billion, up 132% year-on-year, and gross profit margin was as high as 32.9%. Among them, the sale of regulatory credits contributed $680 million in revenue to Tesla, up 31% from the same period last year.
With competitors caught up in global supply chain chaos and frequent shutdowns, Tesla has released record deliveries and earnings for several consecutive quarters, not only due to continued growth in deliveries, but also due to Tesla's timely increase in the average selling price of vehicles, while cutting the average cost per vehicle. Tesla's average pretax profit per vehicle increased by more than 60 percent in the first quarter to $16,203 compared to the same period last year.
However, Tesla also admitted that the company's production is still constrained by the shortage of key components, factories have been operating below capacity for several consecutive quarters, while rising raw materials, logistics and operating costs are also constraints, and this situation may continue until the end of 2022.
As of press time, Tesla's U.S. stocks closed down 4.96% at $977.20 on April 20.
