Tesla's first quarter earnings report was released a few days ago, the data was eye-catching, the overall exceeded expectations, and the stock rose a wave. Tram Li Bai for you to interpret it.
Tesla's gross profit margin of 32.9% in the first quarter set a new quarterly high for itself, and it is also a new high in the industry.
Tesla's data in the four quarters of 2021 was 26.5%, 28.4%, 30.5%, and 30.6%, respectively.
The price of battery raw materials has risen, there is a shortage of chips, and Tesla's gross profit margin can rise by 2%, which is really powerful. (However, Tesla also reduced some parts in the process from last year to this year because of chip shortages, tesla will still make money)
In contrast, last year's gross profit margin of Wei Xiaoli was 20.1%, 11.5%, and 20.6%, respectively.
In BBA, Mercedes-Benz 12.7%, BMW 17.6%, Audi 10.7%
Tesla's net profit in the first quarter of 3.3 billion US dollars (about 21.8 billion yuan) Compared with the financial report of the domestic tram Wei Xiaoli in 2021, Weilai lost 4.02 billion yuan, Xiaopeng lost 4.86 billion yuan, and the ideal loss was 320 million yuan, with a total loss of 9.2 billion yuan. And Tesla earned 21.2 billion yuan in a quarter, which is positive and negative, and the data is handed over to everyone.
In addition, Tesla said that the current increase in vehicle prices is mainly because their orders are too large, too far behind, so they expect the rise in supplier and logistics costs in the car price, if the subsequent actual cost does not increase, Tesla may slightly reduce the price.
However, here the author suggests that you do not believe too much in Tesla's cost pricing method, from the actual action can be seen that the supply and demand relationship determines the price. Subsequently, if the price of raw materials starts to fall after rising, Tesla may begin to reduce prices. But only if it is limited to the possibility, if everyone is still enthusiastic, the order volume is still a lot, then the price is expected to be relatively firm.
Tesla has now formed a good positive cycle, the annual delivery volume is growing at a rate of more than 50%, the larger the delivery, the lower the cost of bicycle manufacturing, the gross profit margin of bicycles, net profit will continue to rise, so that more money can be invested in product research and development and the construction of new super factories, the car is getting better and better, it will be more and more worry about selling. The positive flywheel effect also allows the company to maintain a high level of competitiveness.
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