Shulou(Shulou.com)11/24 Report--

CTOnews.com news on October 20, today, Tesla disclosed the third quarter of fiscal year 2022 financial results. Tesla's third-quarter revenue was $21.454 billion (about 155.112 billion yuan), up 56 percent from a year earlier, while net profit attributable to common shareholders was $3.292 billion (about 23.801 billion yuan), up 103 percent from a year earlier, according to the results.

In terms of cash, Tesla's operating cash flow (free cash flow) after deducting capital expenditure in the third quarter was $3.3 billion (about 23.859 billion yuan), while cash and marketable securities increased by $2.2 billion (about 15.906 billion yuan) to $21.1 billion (about 152.553 billion yuan).

In terms of profit, in the third quarter, Tesla GAAP made an operating profit of $3.7 billion (about 26.751 billion yuan), an operating profit margin of 17.2%. The net profit of GAAP was $3.3 billion (about 23.859 billion yuan), the net profit of non-GAAP (excluding share payment fees) was $3.7 billion (about 26.751 billion yuan), and the gross profit margin of GAAP was 27.9%.

In terms of operation, Tesla's energy storage business reached a new record of 2.1 gigawatt hours in the third quarter, and began to transition to a more stable delivery and production structure. In the past 12 months, Tesla's free cash flow has exceeded $8.9 billion (about 64.347 billion yuan). Operating profit margin was 17.2% in the third quarter.

In terms of automobile production, Tesla produced a total of 365923 vehicles in the third quarter, an increase of 54 per cent over the same period last year. Of this total, production of Model 3 and Model Y increased 51 per cent year-on-year to 19935 vehicles, up 123 per cent year-on-year.

In terms of car delivery, Tesla delivered a total of 343830 vehicles in the third quarter, an increase of 42 per cent over the same period last year. Of this total, delivery of Model 3 and Model Y was 325158, up 40 per cent year-on-year. Delivery of Model Model S and Model X was 18672, an increase of 101 per cent year-on-year.

Tesla said that the inflation rate of raw material costs, as well as the efficiency reduction caused by the climbing of Berlin super-factory, Texas super-factory and 4680 battery production, all affected profit margins. In addition, Tesla's mass delivery in the last few weeks of each quarter has led to an increase in transportation costs and logistics instability. "as a result, we have begun the transition to a smoother delivery rhythm, based on which there will be a large number of vehicles still in transit at the end of the quarter. we expect smoother factory logistics during the quarter to reduce transportation costs per vehicle."

CTOnews.com learned that Tesla pointed out that it is still focused on increasing car production as soon as possible by increasing weekly production in Fremont and Shanghai, as well as ramping up production in Berlin and Texas. Although the situation has improved, logistics fluctuations and supply chain bottlenecks remain pressing challenges. "We still believe that battery supply chain constraints will be the main constraints to the medium-and long-term growth of the electric vehicle market. despite these challenges, we still hope to complete the delivery of each vehicle while maintaining strong operating margins."

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