In the early morning of April 21, Tesla released its 2022 Q1 financial report.
Although Musk previously said on Twitter that it will be an "exceptionally difficult quarter" due to supply chain disruptions and the impact of the epidemic, several key financial indicators of Tesla are still new records:
In the first quarter of this year, Tesla's total revenue was $18.76 billion, an increase of 81% year-on-year; automotive revenue reached $16.86 billion, an increase of 87% year-on-year. Auto gross margin jumped to a record 32.9 percent, driving total gross margin to 29.1 percent, more than double the auto industry average, and Tesla's profitability in the quarter once again exceeded the imagination of peers.
After the release of the 2022 Q1 financial report, its total revenue, net profit and earnings per share far exceeded Wall Street and industry expectations. After the earnings report, Tesla's after-hours stock price surged 5%, from 973.49 MELA to $1031.6.
From January to March this year, Tesla's cumulative production and sales were 30.54 and 310,100 units, respectively, an increase of more than 65% year-on-year. The growth of automobile sales directly led to a substantial increase in tesla's automotive business revenue and gross margin, with revenue from the automotive business reaching $16.861 billion in the first quarter compared to $9.002 billion in the same period last year, an increase of 87% year-on-year; the gross profit margin of the automotive business was 32.9%, a record high.
It is worth mentioning that in the first quarter of this year, Tesla has raised the price of its cars many times in a row, and the price increase is large.
How many more years do you think Tesla can catch fire?