In the early hours of this morning, Tesla released its financial report for the first quarter of 2022. According to official data, Tesla's overall revenue in the first quarter was $18.756 billion (about 121.777 billion yuan), an increase of 81% year-on-year, higher than analysts' expectations of $17.92 billion. The current external caliber given is a net profit of 3.736 billion US dollars, an increase of 255% year-on-year, that is to say, Tesla earns about 42 million US dollars (about 270 million yuan) a day, and Tesla's strong gold absorption ability has no opponent in the field of new energy vehicles for the time being.
After entering 2021, Tesla's revenue growth rate is rapid, especially gross margin, which averages about 2 percentage points per quarter, reaching 30.6% for the first time in the fourth quarter of 2021. This time Tesla did not disappoint us, the first quarter of this year's gross margin reached 32.9%. What concept? According to the price of model X in China (model X guidance price of 94.00-1 million), Tesla will make more than 100,000 yuan for every car sold! In this environment of rising battery raw materials, chip shortage, and collective price increases of new energy brands, how did Tesla achieve a 255% surge in net profit?
Tesla attributed the first quarter results to an increase in deliveries and an increase in average selling prices. From the end of 2021 to March 2022, Tesla has carried out a total of 5 rounds of price increases. Tesla delivered about 310,000 vehicles in the first quarter, up 68% year-on-year and slightly up from 309,000 units in the fourth quarter. Although these price increases are caused by the rise in the price of raw materials for production, Tesla is one of the few brands that can easily transfer the pressure of rising costs to rising prices, and also make consumers gladly accept and sell hot in the head.
In the earnings report meeting, Tesla said that the global supply chain bottleneck led to a shortage of key components of the chip, which will have a long-term impact on Tesla's production capacity in 2022. Musk said Tesla expects to achieve a 60 percent delivery growth rate this year, and analysts estimate that Tesla expects to deliver 1.46 million vehicles in 2022, a 56 percent increase over 2021. This delivery is equivalent to the total annual delivery volume of BYD and many independent brands such as Weilai, Xiaopeng, Ideal, Nezha Automobile and so on in 2021. However, BYD announced at the beginning of this month that it will stop producing fuel vehicles, and its production resources will be 100% poured into the production of new energy vehicles, and it is not known whether it can reach the annual delivery of 1 million vehicles this year.
In addition, Tesla is selling carbon credits to automotive competitors who need to meet emissions regulations. Revenue from the sale of carbon credits was US$679 million (approximately RMB4.408 billion) in the first quarter, an increase of more than 116% over the previous quarter. This one-time gain contributes a lot to Tesla's gross profit margin growth.
Written in the end: Tesla as a leader in the new energy industry, the ultra-high gross profit margin means that Tesla has a higher price decline space, in the product force and brand influence rate of the dual drive, leaving the same price of domestic brands living space is not much, independent new energy brands must accelerate the pace of growth.