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  • Tesla's second-quarter revenue was 169.Net profit was $3.4 billion, up 98% year on year

  •  Release time: 2022-07-21 Clicks: 912  
  • In the early morning of July 21, Beijing time, Tesla Motors today announced the company's financial results for the second quarter of the fiscal year 2022。The report shows that Tesla Motors revenue in the second quarter was 169.$3.4 billion, compared with 119 in the same period last year.$5.8 billion, an increase of 42%;Net profit of 22.$6.9 billion, compared with a net profit of 11.$7.8 billion;Net income attributable to common shareholders was 22.$5.9 billion, compared with net income attributable to common Stockholders for the same period last year.$4.2 billion, an increase of 98%;Diluted earnings per share attributable to common shareholders were 1.00.$95, with diluted earnings per share attributable to common Stockholders for the same period last year.That's a 91% increase from $02。

    Tesla's second-quarter revenue missed Wall Street analysts' expectations, but adjusted earnings per share beat expectations, sending its shares up nearly 1 per cent after hours。

    Main achievements:

    In the quarter ended June 30, Tesla Motors posted a net profit of 22 percent.$6.9 billion, compared with a net profit of 11.$7.8 billion。

    Tesla Motors' net income attributable to common shareholders in the second quarter was 22.$5.9 billion, compared with net income attributable to common Stockholders for the same period last year.$4.2 billion, an increase of 98%;Diluted earnings per share attributable to common shareholders were 1.00.$95, with diluted earnings per share attributable to common Stockholders for the same period last year.That's a 91% increase from $02。

    Excluding certain one-time items (which are not in accordance with GAAP), Tesla's adjusted net income attributable to common shareholders in the second quarter was 26.$2 billion, compared with adjusted net income attributable to common shareholders of $16 billion in the same period last year.$1.6 billion, an increase of 62%;Adjusted diluted earnings per share were 2.27, compared with adjusted diluted earnings per share of $1.00 in the same period last year.$45, up 57% from a year earlier, beating analysts' expectations。According to data provided by Yahoo Finance, 23 analysts had expected, on average, Tesla's adjusted earnings per diluted share in the second quarter to reach 1.85美元。

    Tesla Motors posted revenue of 169 in the second quarter.$3.4 billion, compared with 119 in the same period last year.$5.8 billion was up 42% from the previous quarter, but down from 187 in the previous quarter.$5.6 billion, missing analysts' expectations。According to data provided by Yahoo Finance, 21 analysts on average had expected Tesla to report revenue of $17.2 billion in the second quarter。

    Tesla Motors' second-quarter revenue from its automotive business was 146 percent.$0.2 billion, up from $102 in the same period last year.$0.6 billion, an increase of 43% compared to 168 in the previous quarter.$6.1 billion。Among them, Tesla Motors' revenue from vehicle sales in the second quarter was 136.$7 billion, compared with 95 percent a year earlier.$2 billion, compared with 155 in the previous quarter.$1.4 billion;Revenue from automotive regulatory credits was 3.$4.4 billion, compared with $3 billion a year earlier.$5.4 billion;The revenue from car rental business was 5.$8.8 billion, compared with $3 billion a year earlier.$3.2bn, compared with $6.6bn in the previous quarter.$6.8 billion。

    Tesla Motors' revenue from power generation and energy storage in the second quarter was 8.$6.6 billion, compared with $8.8 billion a year earlier.$0.1 billion, compared with $6.0 billion in the previous quarter.$1.6 billion。

    Tesla Motors' revenue from services and other businesses in the second quarter was 14.$6.6 billion, compared with $9.$5.1 billion, compared with $12 billion in the previous quarter.$7.9 billion。

    Vehicle production and other financial information:

    Tesla Motors produced 258,580 vehicles in the second quarter, up 25 percent from 206,421 in the same period last year and 305,407 in the previous quarter。其中,Production of Model S and Model X vehicles was 16,411,This is a 601% increase from 2,340 units in the same period last year,This compares with 14,218 units produced in the previous quarter;Production of Model 3 and Model Y vehicles was 242,169,That's up 19 percent from 204,081 units in the same period last year,That compares with 291,189 in the previous quarter。

    Tesla Motor delivered 254,695 vehicles in the second quarter, up 27 percent from 201,304 in the same period last year and 310,048 in the previous quarter。其中,16,162 Model S and Model X vehicles were delivered,This is an increase of 753 percent compared to 1,895 vehicles in the same period last year,This compares with 14,724 deliveries in the previous quarter;Deliveries of Model 3 and Model Y vehicles were 238,533,This is a 20 percent increase from 199,409 units in the same period last year,That compares with 295,324 in the previous quarter。

    Tesla Motors' total gross profit in the second quarter was 42.$3.4 billion, compared with $28 million in the same period last year.$8.4 billion represents an increase of 47% compared to 54 in the previous quarter.$6 billion。Tesla Motors' total gross margin in the second quarter was 25.0 percent, compared with 24 percent a year earlier.1% compared to an increase of 89 basis points, but compared with the previous quarter's 29.That's a drop from 1%。Among them, the gross profit of Tesla Motors' automotive business in the second quarter was 40.$8.1 billion, up from $28 million a year earlier.$9.9 billion represents a 41% increase from $55 million in the previous quarter.$3.9 billion;Gross profit margin was 27.9 percent, compared with 28 percent a year earlier.4% compared to a decrease of 46 basis points, compared to 32 in the previous quarter.9%。

    Tesla Motors posted an operating profit of 24 percent in the second quarter.$6.4 billion, compared with operating profit of 13.$1.2 billion represents an 88% increase compared to operating profit of 36 percent in the previous quarter.$0.3 billion。Tesla Motors' second-quarter operating margin was 14.6 percent, compared with 11 percent a year earlier.0%, up 358 basis points, but compared with the previous quarter's 19.That's down from 2%。

    Tesla Motors' operating expenses in the second quarter were 17.$7 billion, compared with 15 percent a year earlier.$7.2 billion, an increase of 13% from the previous quarter of 18.That's down from $5.7 billion。Among them, research and development expenditure is 6.$6.7 billion, compared with $5.5 billion a year earlier.$7.6 billion, compared with $8.0 billion in the previous quarter.$6.5 billion;Sales, general and administrative expenditures amounted to 9.$6.1 billion, compared with $9.0 billion a year earlier.$7.3 billion, compared with $9.0 billion in the previous quarter.$9.2 billion;Restructuring and other expenses were 1.$4.2 billion, compared with $23 million in the same period last year and zero in the previous quarter。

    Tesla Motors' net cash from operating activities in the second quarter was 23.$5.1 billion, compared to net cash from operating activities of $21 billion in the same period last year.$2.4 billion, an increase of 11%;This compares to net cash from operating activities of 39 per cent in the previous quarter.$9.5 billion。

    Tesla's capital expenditure in the second quarter was 17.$3 billion, compared with $15 billion a year earlier.$0.5 billion, an increase of 15%;That compares with capital expenditures of 17 percent in the previous quarter.$6.7 billion。

    Tesla Motors' free cash flow in the second quarter was 6.$2.1 billion, compared with $6.$1.9 billion was essentially flat compared to $22 billion in the previous quarter.$2.8 billion。

    At the end of the second quarter, Tesla Motors held a total of 183 cash and cash equivalents.$2.4 billion, compared with 162 in the same period last year.$2.9 billion was up 13% from the previous quarter and up from $175 billion at the end of the previous quarter.$0.5 billion。

    Outlook:

    Tesla said it plans to expand its manufacturing capacity as soon as possible。Over the next few years, Tesla expects its vehicle deliveries to grow at an average annual rate of 50 percent。The growth rate will depend on equipment capacity, plant uptime, operational efficiency, and the capacity and stability of the supply chain。

    Tesla said it has sufficient liquidity to fund its product roadmap, long-term capacity expansion plans and other expenses。

    Tesla said that while it continues to implement innovations to reduce manufacturing and operating costs, it expects hardware-related profits to accelerate along with software-related profits over time。

    Tesla said the pace of production at the Austin Gigafactory and Berlin-Brandenburg Gigafactory will be impacted by the successful launch of many new products and manufacturing technologies at the new facilities, as well as by ongoing challenges related to the supply chain。Tesla noted that it takes time for factories to ramp up production, and the Austin "Gigafactory" and Berlin-Brandenburg "Gigafactory" are no exception。

    Tesla also said it is making progress in industrializing its CyberTruck, which it now plans to build at its Austin plant after ramping up production of the Model Y。

    Share price movement:

    Tesla Motors shares rose 5 percent in regular trading on the Nasdaq.$91 to close at 742.At $50, the increase is 0.80%。In the subsequent after-hours trading as of 6:09 PM Eastern time on the 20th (6:09 am Beijing time on the 21st), Tesla motor shares rose again by 6.$72 to 749.22 dollars, an increase of 0.91%。In the past 52 weeks, the highest price for a Tesla vehicle was 1,243.$49, the lowest price is 620.57美元。(唐风)

    Managing Editor: Li Kefeng ST030