22/04/21
Lead
"Tesla will produce more than 1.5 million new cars this year, with deliveries increasing by more than 50 percent."
Author 丨 Cui Liwen
Responsible editor 丨 Cao Jiadong
Edit 丨 Chic
After the U.S. stock trading session on April 20, local time, Tesla officially released its 2022 Q1 financial report. And after reading the whole article, the biggest feeling brought to people is: this American new energy vehicle company, killing crazy.
As an argument, several key figures reached record highs.
Among them, the total revenue of Q1 reached $18.756 billion, an increase of 81% from $10.389 billion in the same period last year, higher than analysts' expectations of $17.92 billion.
Net profit attributable to Tesla's common shareholders was a staggering $3.318 billion, up 658 percent from $438 million in the year-ago quarter and also well above analysts' expectations of about $2.156 billion. Adjusted, earnings per share were $3.22, up from the $2.27 analysts expected.
In the more important vehicle business, total Q1 revenue reached $16,861 million, up 87% from $9,002 million in the year-ago quarter. The gross profit margin of bicycles was as high as 32.9%, an increase of 6.36% over the same period last year, a record high.
In simple conversion, taking the rear-wheel drive version of the Model Y currently on sale in the Chinese market at 316,900 yuan as an example, the profit of each new car sold has exceeded 100,000 yuan. Such a strong "gold-sucking" ability has to impress many onlookers.
Meanwhile, as of Q1 2022, Tesla's cash and cash equivalents reached $17.505 billion, up 2% from the same period last year.
"From a number of indicators such as revenue, car delivery, operating profit and operating margin of more than 19%, Tesla set a new record again in Q1 2022. Expanding production capacity is at the heart of our decisions. In the past two months, we have started deliveries of the Model Y from the Texas Gigafactory and the Berlin-Brandenburg Gigafactory. At the same time, we invest a lot of energy in the production of in-house batteries, raw material procurement and supplier diversification. ”
Such a comment comes from Tesla's official Weibo after the earnings report was announced.
Behind the discourse, the central idea that wants to be expressed is more concentrated: carefully observing the development trajectory of this car company, it is not difficult to find that by continuously optimizing the production and manufacturing process to reduce costs, reducing the price of products on the basis of ensuring gross profit margin, and then taking more customer orders, and finally obtaining enough considerable income, the whole business model is undoubtedly becoming benign and healthy, and it is becoming more and more like a "typical car company".
And it is foreseeable that, as an analyst at a financial institution put it, "Next, with its further leaps in process, cost, capacity, etc., and higher growth in the user base, the company's leading edge in manufacturing will continue to gradually emerge." ”
What is more worrying is that in addition to the above-mentioned longboard that is still being expanded, Tesla attaches great importance to several dimensions in the new track such as electronic and electrical architecture, intelligent cockpit, assisted driving and even brand sound, founder's aura, etc., and the advantages are equally obvious compared with many competitors.
Although the above cognition is slightly subjective, I still want to say that the only thing that can really stop this car company that has been criticized for a long time, but at this moment, with 11 consecutive quarters of profitability, is to "kill the crazy" himself.
As everyone knows, at the performance communication meeting after the release of the financial report, Musk also talked about the recent price increases that have appeared many times by Tesla, or whether the cost of some parts required by the manufacturing end has risen by 20%-30%.
"Our car purchase schedule is very long, and the list of some models has reached next year. As a result, the pricing currently given actually takes into account the possible increases in supply chain costs and logistics costs over the next 6 to 12 months. ”
When asked about the impact of the epidemic on production capacity, because the Shanghai factory was forced to stop production for more than 20 days, Musk confidently assured: "Not surprisingly, Q2 will be basically the same as Q1, and tesla will produce more than 1.5 million new cars this year, and deliveries will increase by more than 50%." ”
As for the scale problem that plagues the 4680 battery, it will be completely solved next year. In addition, Musk also hopes to achieve mass production of Robotaxi in 2024, which will also become a "huge driving force" for Tesla to seek the next stage of net growth.
Finally, driven by the positive results shown in the earnings report, Tesla's U.S. stock market value has repositioned above the trillion-dollar mark.
Cui Liwen
Love the car as fate,
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