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

Tesla, a US electric carmaker, is likely to record the biggest increase in five quarters in the second quarter of this year, but its profit margin will fall to its lowest level in three years over the same period, according to the news on July 18.

Since the end of last year, Tesla, led by Elon musk, has launched a price war to stimulate demand for electric cars and quell competition from peers such as Ford and BYD.

According to a survey of 19 analysts by data analysis platform Visible Alpha, Tuyuan Pexels expects Tesla's gross profit margin to fall to 18.9% in the second quarter. This is down from 19.3% in the previous quarter and 25% in the same period last year.

Vitaly Golomb Golom, an investment banker who specialises in transportation, said the only reason Tesla delivered slightly more cars in the second quarter than in the first quarter was that it was a big discount at the expense of profit margins.

"it's clear that they are largely a car company, with the same supply chain and the same demand pressure as other manufacturers," Golom said. "Model 3 and Model Y have been designed for three to six years, inventory is even growing, and demand really seems to be saturated."

As the world's most valuable carmaker, Tesla produced 13560 more cars than delivered to customers in the second quarter. Tesla predicted in October last year that all cars produced would be sold in the foreseeable future. Although this gap has narrowed compared with the data for the first quarter, the trend is worrying.

The lack of new models also makes it harder for Tesla to compete with competitors in the Chinese market. The new products launched by local manufacturers are more novel and more eye-catching, which puts greater pressure on the demand for Tesla cars.

Tesla's delivery of Chinese-made cars hit an all-time high in the second quarter, but the company's market share of pure electric and plug-in hybrid vehicles fell to 8.8 per cent from 10.5 per cent in the first quarter of this year, according to data from Chinese auto industry bodies.

"Tesla's market share in electric vehicles is likely to decline over time," said Seth Goldstein, an analyst at Morningstar. "however, I think the more appropriate measure is Tesla's overall share of the car market. As delivery continues to grow, this share continues to grow."

As the overall sales growth of the electric vehicle market continues to slow, Tesla has been actively taking action to occupy a larger share of the US charging market and diversify his income.

Tesla has worked with companies such as Ford and General Motors to promote the use of its North American charging Standard (NACS). The move has more than doubled Tesla's market capitalization this year to more than $880 billion.

After reaching relevant cooperation with traditional carmakers, several charging companies also said they would adopt the Tesla charging standard.

This contributed little to Tesla's revenue in the second quarter, which is expected to grow by 45.2 per cent to $24.59 billion, according to Refinitiv, a financial data technology company, but analysts expect it to significantly boost Tesla's revenue in the future.

Piper Sandler, an investment bank, estimates that revenue from Tesla's charging network will reach $9.65 billion by 2032, with more than half of electric cars made by other carmakers charging using Tesla's charging network.

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