DoNews April 21 news, Tesla released the first quarter of fiscal 2022 financial report, showing that in the quarter, its total revenue of $18.756 billion, an increase of 81% year-on-year; net profit attributable to common shareholders of $3.318 billion, a sharp increase of 658% year-on-year.
In terms of specific businesses, automotive revenue was US$16.861 billion, an increase of 87% year-on-year; of which auto sales revenue was US$15.514 billion, compared to US$8.187 billion in the same period last year; and car rental revenue was US$668 million, compared with US$297 million in the same period last year. In the first quarter, Tesla's power generation and energy business revenue was $616 million, up from $494 million in the previous year.
In terms of delivery data, in the first quarter, Model S and Model X models produced 14,218 units, deliveries of 14,724 units, up 625% year-on-year; Model 3 and Model Y models produced 291189 units, up 61% year-on-year; deliveries of 295324 units, up 62% from 182847 units in the same period last year. In the quarter, its total vehicle production was 305407 units and deliveries were 310048 units.
Boosted by the positive earnings news, Tesla shares rose 5.1% to $1,026.88 at one point after hours in the U.S. stock market, and as of 6:28 a.m. on April 21, Tesla shares rose 4.68% after hours to $1,023.
To be honest about seeing Tesla's financial report, the biggest feeling is that Tesla is also too powerful, to achieve such a high-scale performance growth, which is really a very difficult thing, especially in many new energy vehicle manufacturers are facing a huge decline in performance, Tesla's high growth makes people see the strong expenditure of this company, so how should we look at Tesla's current high growth and the development of the entire market?
First of all, Tesla's current high growth is actually a very normal phenomenon, after all, Tesla is not an ordinary company, and it has a strong dominant position in the entire new energy vehicle market. So under the dominance of Tesla, Tesla has a stronger market control ability, because most of the new energy vehicle companies, especially the upstream and downstream participants of the industry, think that Tesla provides products as an important publicity direction for themselves, so in this context, in fact, most of the upstream and downstream supply chain companies in the new energy automobile industry will give priority to ensuring the supply of Tesla products, so we see that the current production of the entire Tesla is still relatively good.
Secondly, what we see is that Tesla's overall revenue growth comes from the growth of car delivery, which is closely related to the entire Chinese market. We see that most of the original Tesla production is concentrated on the production of the United States, but now many of Tesla's models of production are produced by China, China's manufacturing capacity and supply chain capabilities are obvious to all, from China as an important production place for Tesla, in fact, can help Tesla effectively improve the level of productivity, we see that Tesla produced a total of 305,400 cars in the first quarter, an increase of 69% year-on-year, so the rapid growth represents the strong ability of Chinese manufacturing. This is a very important performance growth point for Tesla.
Third, from the perspective of long-term market development, Tesla still occupies a dominant position in the market, which can be said to be a very strong market advantage enterprise. In Tesla's market advantage, we see that Tesla's own market production is still in a state of rapid growth, which most companies do not have, so Tesla's current growth will continue to continue, as long as Tesla can ensure its own production, the market demand is still in a very rapid growth state. What's more, the current world market is shifting in the direction of new energy vehicles, which will further drive the growth of Tesla's own market development level. For China's new energy automobile enterprises, at this time, it is necessary to learn the control ability of Tesla's supply chain, and only by truly controlling the supply chain to strengthen production can we truly occupy a certain market position in the market.