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Automotive circle: Tesla Q1 has $4.65 billion in revenue in China

Hello everyone, today Xiaobian has come to share information with you again. A few days ago, according to reports, according to relevant information, in the first quarter of 2022, Tesla's revenue in the Chinese market reached 4.65 billion US dollars, an increase of 52.8% year-on-year.

Automotive circle: Tesla Q1 has $4.65 billion in revenue in China

It is reported that Tesla's revenue in China has increased significantly, mainly due to the increase in production and delivery volume of the Shanghai Gigafactory. According to statistics, Tesla's deliveries in China reached 182,200 units in the first quarter of this year, accounting for 58.8% of Tesla's global deliveries of 310,000 vehicles.

However, the delivery volume of the US market lags behind the Chinese market, but the revenue is significantly exceeded, mainly because Tesla has a large backlog of orders in the US market, as many industry insiders have said, it is only capacity, not market demand, that now limits Tesla's revenue growth.

Automotive circle: Tesla Q1 has $4.65 billion in revenue in China

In the US domestic market, most Tesla models are very tight, especially the Model Y, if the order is placed now, the delivery time will be at least until next year.

In addition, Tesla's 2022 first quarter report shows that Tesla has achieved profitability for 11 consecutive quarters. Tesla's total worldwide revenue for the first quarter was $18,756 million, up 81 percent from $10,389 million in the year-ago quarter, and net income attributable to Tesla's common shareholders was $3,318 million, a record, up 658 percent from $438 million in the year-ago quarter.

Automotive circle: Tesla Q1 has $4.65 billion in revenue in China

At present, China is Tesla's second largest market, accounting for 24.8% of the company's revenue; the United States is still Tesla's most important market, the company's revenue from the US market in the first quarter of this year reached 8.734 billion US dollars, accounting for 46.56% of the company's total revenue.

Well, that's all for this issue, see you in the next issue.

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