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

CTOnews.com July 20 news, Tesla today announced second-quarter results, second-quarter revenue of $24.9 billion (CTOnews.com Note: currently about 178.782 billion yuan), the market is expected to be $24.51 billion.

Tesla CEO Musk said that production would drop slightly in the third quarter due to factory upgrades. He also said that if the macro environment is not stable, car prices will have to be reduced. Affected by the news, Tex Latin American stocks fell 4.3% after hours.

Tesla's adjusted earnings per share in the second quarter was 91 U.S. dollars, the market expected 0.81 U.S. dollars, the second quarter free cash flow of 1.01 billion U.S. dollars, the market expected 2.18 billion U.S. dollars, second-quarter gross profit margin 18.2 percent, the market expected 18.8 percent.

The company's profitability has shrunk and months of price cuts are squeezing the company's industry-leading profit margins, according to the results. In addition, Tesla predicts that the annual automobile production will reach 1.8 million, while the market is expected to reach 1.9 million.

At present, Tesla is still the largest manufacturer of electric cars in the United States, producing 479700 vehicles and delivering 466140 vehicles in the second quarter, an increase of about 87% year-on-year and a new internal record. Musk pointed out that in the first quarter, the Model Y became "the best-selling vehicle of all types... surpassing models such as the Corolla."

In addition, Tesla said in the financial report that the Shanghai factory is operating at nearly full capacity, so there will be no substantial growth in the coming months. In addition, Tesla still chose not to publish the gross profit margin of the car. He also suggested holding Tesla like Buffett's value investment.

I have "very high confidence" in Tesla's long-term value. I think the value of the company is expected to reach five or even 10 times its current size. (investment advice) buy (Tesla stock) now, go up and sell again. Just like Buffett. I strongly believe that Tesla has the value of long-term investment, if the market panic, buy (Tesla stock).

Tuyuan Pexels he also revealed that Tesla will increase spending on artificial intelligence and will use both Nvidia GPU and supercomputing Dojo. Musk said they were "committed to being at the forefront of artificial intelligence development". "our artificial intelligence development is entering a new era and we are very excited about what is about to happen."

It is said that the company has built 10 Optimus robots; the Optimus robot will be able to do something useful in the factory sometime next year; the demand for Optimus roughly matches production; and there is currently no supplier to produce the actuators needed for Optimus, so the design is now customized internally.

Musk says it makes sense to sacrifice vehicle profit margins for more production, arguing that the short-term differences in gross margins and profitability are really small compared with the long-term outlook, and in the long run, autopilot (income) will make all these numbers look stupid.

He also mentioned that Tesla allowed car owners to transfer FSD; "at once" and was open to the licensing of FSD software. "We are very willing to license our FSD software and hardware to other car companies." We are having preliminary discussions with an OEM manufacturer on the use of Tesla FSD.

Battery production in Texas 4680 increased by 80% in the second quarter compared with the previous quarter, Tesla said. The Texas-based team, which is focused on increasing production and reducing waste, is preparing to launch the Cybertruck and will mass-produce it by the end of this year.

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