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

Tesla, an electric car maker, released its unaudited results for the fourth quarter of 2022 after the close of U.S. stocks on Wednesday, January 26. According to the financial report, Tesla's total revenue in the fourth quarter was $24.3 billion, up 37 per cent from a year earlier; net profit attributable to Tesla's common shareholders was $3.7 billion, up 59 per cent from a year earlier; and adjusted earnings per share were $1.07, up 57 per cent from a year earlier. Tesla's share price rose more than 1 per cent after the announcement.

The following are the main points of Tesla's fourth-quarter financial report:-- total revenue was $24.3 billion, up 37% from $17.7 billion in the same period last year, more than $21.5 billion in the previous quarter, and slightly higher than analysts' consensus expectations of $24.2 billion. Where:

Revenue from the auto business was $21.3 billion, up 33% from $16 billion in the same period last year and up from $18.7 billion in the previous quarter.

Revenue from the sale of carbon credits was $467 million, up 49% from $314 million in the same period last year and up from $286 million in the previous quarter.

The gross profit of the automotive business was $5.5 billion, up 13% from $4.9 billion in the same period last year and up from $5.2 billion in the previous quarter.

-- operating profit was $1.9 billion, down 16% from $2.2 billion in the same period last year, but more than $1.7 billion in the previous quarter; operating profit margin was 16%, compared with 14.70% in the same period last year and 17.2% in the previous quarter

-- Gross profit was $5.8 billion, up 19% from $4.8 billion in the same period last year and up from $5.4 billion in the previous quarter. The adjusted gross profit margin was 22.2%, compared with 23.1% in the same period last year and 23.2% in the previous quarter.

-- net profit attributable to common shareholders was $3.7 billion, up 59% from $2.3 billion in the same period last year and up from $3.3 billion in the previous quarter

Diluted earnings per share attributable to common shareholders were $1.07, compared with $0.68 per share for the same period last year, an increase of 57 per cent year-on-year and $0.95 in the previous quarter

Operating expenses were $1.9 billion, down 16% from $2.2 billion in the same period last year and up from $1.7 billion in the previous quarter. Where:

Research and development expenditure was $800 million, compared with $740 million in the same period last year.

Sales, general and administrative expenses were $1.032 billion, compared with $1.494 billion in the same period last year.

Restructuring and other expenses amounted to $34 million

Fourth-quarter car production and delivery data-total production of electric vehicles was 439701, up 44% from 305840 in the same period last year and up from 365923 in the previous quarter. Of this total, Model S / X produced 20613 vehicles, up 57 percent from 13109 in the same period last year and up from 19935 in the previous quarter; Model 3 / Y produced 419088 vehicles, up 43 percent from 292731 in the same period last year and up from 345988 in the previous quarter.

-- Electric vehicle delivery was 405278, up 31% from 308650 in the same period last year and up from 343 in the previous quarter. Of this total, Model S / X delivery was 17147, up 46 percent from 11766 in the same period last year, down from 18672 in the previous quarter; and Model 3 / Y was 388131, up 31 percent from 296884 in the same period last year and up from 325158 in the previous quarter.

Cash reserves continued to grow as of December 31, 2022, Tesla's cash and cash equivalents were $22.2 billion, up 25% from $17.7 billion as of December 31, 2021 and $1.1 billion higher than $21.1 billion at the end of the third quarter. Tesla's increase in cash and cash equivalents was mainly due to free cash flow of $1.4 billion, which was partly offset by the repayment of $497 million in debt.

The company commented on the fourth quarter of 2022 and the whole year of 2022, Tesla's performance reached an all-time high again. In the fourth quarter, Tesla's revenue, operating profit and net profit were all record. In 2022, Tesla's overall revenue reached US $81.5 billion, an increase of 51% over the same period last year, while net profit doubled to US $12.6 billion.

Entering 2023, as the macroeconomic situation is full of uncertainty, especially the rising interest rates will still have an impact on Tesla's performance in the short term, but Tesla's team has become accustomed to challenges. In the near future, Tesla will accelerate the implementation of cost reduction plans and improve productivity, while continuing to focus on the next phase of the road map.

In any case, Tesla is prepared to deal with short-term uncertainty while focusing on long-term efforts for autonomous, electrified and energy solutions. Tesla insists on cost control and innovation, and the company believes in its ability to overcome challenges and eventually achieve long-term success.

Automobile production in the fourth quarter of 2022, the output of each of Tesla's automobile factories set a new record. Although car deliveries in the third month of the second quarter accounted for 74% of total deliveries in that quarter, that figure fell to 64% in the third quarter and 51% in the fourth quarter. Tesla is trying to reduce the proportion of cars delivered in the third month of each quarter, which helps reduce costs.

At the new plant in Austin, USA, Model Y produced more than 3000 vehicles a week by the end of the fourth quarter. In the fourth quarter, Tesla was able to produce 4680 batteries internally enough to assemble 1000 batteries a week. In addition, Tesla electric truck Semi began trial production in the fourth quarter and made its first delivery in December.

In China, due to the successful operation of the Shanghai plant at full capacity for several months, there will be no explosive increase in production in the near future. In fact, the Shanghai plant remains Tesla's main export center, supplying vehicles to most markets outside North America.

In Europe, the Berlin plant Model Y also produced more than 3000 vehicles a week by the end of the fourth quarter.

Core technologies-Autopilot and FSD: Tesla has released FSD beta versions from all car owners who buy FSD suites in the United States and Canada. For Tesla, this is an important milestone. Consumers in both markets can now access FSD beta features through purchase or subscription.

Auto software: through the built-in camera in the vehicle, Tesla owners can now directly use Zoom to participate in video conferences on the car's touch screen. In addition, Tesla also implanted Apple music into the media player. On the latest version of Model S / X, people can also use powerful built-in gaming devices to play a variety of games.

Battery: in a period of macroeconomic uncertainty, Tesla focuses on reducing vehicle costs and increasing cost-effectiveness by improving function and reliability.

Charging facilities: Tesla's charging infrastructure is growing faster than its stores and service centers. By the end of the fourth quarter, Tesla had 764 shops and service centers and 4678 super charging stations (42419 charging piles). The number of shops and service centers increased by 19% year-on-year, and the number of charging stations increased by 35%.

Performance outlook for 2022, Tesla's overall revenue reached $81.5 billion, up 51 per cent from $53.8 billion the previous year; net profit belonging to Tesla's common shareholders was $12.6 billion, up 128 per cent from a year earlier.

Tesla said the company plans to expand production capacity as soon as possible. Over the next few years, the company expects electric vehicle deliveries to achieve an average annual growth target of 50 per cent. In some years, Tesla's delivery may grow faster and sometimes slower, depending on many factors. Looking ahead to 2023, Tesla expects to be able to deliver 1.8 million cars.

Share price changes Tesla shares rose 0.38% to close at $144.43 in regular trading on the Nasdaq stock market on Wednesday. As of this article, the stock rose $1.87, or 1.29%, to $146.3. In the past 52 weeks, Tesla has traded as low as $101.81 and as high as $384.29. Based on Wednesday's closing price, Tesla's market capitalization is about $456.1 billion.

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.