Share the news on January 27 with wechat scanning QR code < / P > < p > to friends and circles of friends < / P > < p > according to foreign media reports, after the stock market closed on Wednesday local time, electric vehicle manufacturer Tesla announced its fourth quarter financial report of 2021. According to the financial report, according to the calculation of American general accounting standards (GAAP), Tesla's revenue in the fourth quarter was US $17.72 billion, a year-on-year increase of 65%; The net profit was US $2.3 billion, a year-on-year increase of 760%; Earnings per share was $2.05, a year-on-year increase of 754%. The delivery volume of electric vehicles reached 308650, a year-on-year increase of 71%. However, the stock fell slightly in after hours trading due to Tesla's warning of intensified supply chain problems < p > < / P > < p > the following are the key points of Tesla's fourth quarter financial report: < / P > < p > -- revenue was US $17.72 billion, an increase of 65% compared with us $10.744 billion in the same period last year, higher than the US $16.57 billion generally expected by analysts, which was mainly due to the growth of vehicle delivery and other businesses < p > -- operating revenue was USD 2.6 billion, an increase of 354% compared with USD 575 million in the same period of last year. The operating profit margin reached 14.7%, much higher than 5.4% in the same period of last year < p > -- net profit of US $2.3 billion, an increase of 760% compared with us $270 million in the same period of last year. The gross profit margin was 27.4%, higher than 26.6% in the previous quarter and 19.4% in the same period last year < p > -- earnings per share of US $2.05, an increase of 754% compared with us $0.24 in the same period of last year, which is higher than the generally expected US $2.36 < p > -- the delivery volume of electric vehicles reached 308650, an increase of 71% compared with 180667 in the same period of last year. The annual delivery volume was 936172 vehicles, an increase of 87% over 2020, when Tesla delivered 499647 vehicles < p > - cash and cash equivalents increased by $1.5 billion to $17.6 billion in the fourth quarter. By the end of 2021, total debt (excluding financing for cars and energy products) had fallen to $1.4 billion < p > automobile production < / P > < p > 1) California and Texas < / P > < p > by the end of 2021, Texas factories began to produce model y cars. After final certification, Tesla plans to start delivery to customers. The Fremont plant achieved record production in 2021 and is expected to have a total capacity of more than 600000 vehicles per year. Tesla's goal is to maximize the output of the Fremont plant while expanding the new plant < p > 2) Shanghai, China < / P > < p > throughout 2021, the output of model 3 and model y continued to rise. Local production is essential to reduce the cost of each vehicle and improve the stability of the global supply chain. The Shanghai plant remains Tesla's main export center < p > 3) equipment testing in the production process of < / P > < p > vehicles in Berlin, Europe began at the end of 2021, but Tesla is still trying to obtain the production license from the local government, which will allow it to start delivering German made vehicles in Europe. The first cars will use 2170 batteries < p > core technology progress < / P > < p > 1) autopilot and FSD < / P > < p > Tesla continued to iterate on FSD beta software and released 7 updates in the whole quarter. Tesla has increased the number of FSD beta in the United States from thousands in the third quarter to nearly 60000. IIHS gave a "superior" rating to the pure visual version of model 3 and model y in terms of anti-collision function, and gave the highest possible rating of "Top Safety Pick +" < p > 2) tool software < / P > < p > Tesla released a new user interface in the fourth quarter, with customizable application launcher, simplified control menu and support for dark mode appearance. Other features include a real-time view of the car's blind spots when the turn signal is activated, editable navigation points, and a range of new game, entertainment and audio functions. When sentinel mode is activated, Tesla also adds a real-time view of the car camera to the mobile app < p > 3) battery, powertrain and manufacturing < / P > < p > manufacturing is Tesla's key core competitiveness. Although batteries are expensive and electric vehicles are often considered unprofitable structurally, Tesla believes that manufacturing innovation, special-purpose vehicles and factories will help solve the cost problem. In the third quarter of 2021, Tesla achieved the highest operating profit margin of all mass production OEMs. In the last two quarters of 2021, the cost per vehicle (COGs) fell to about $36000. Tesla believes that the current project should help them continue to reduce product costs, including the use of large castings, structural battery packs, 4680 batteries and many other innovations < p > other highlights < / P > < p > 1) energy storage < / P > < p > in 2021, the deployment of Tesla energy storage equipment increased by 32% year-on-year, which was mainly driven by the strong deployment of Megapack. As demand still far exceeds capacity, growth is limited by insufficient supply. Tesla is building a dedicated Megapack plant to meet the growing demand < p > 2) solar energy transformation and solar roof < / P > < p > the deployment of solar energy in 2021 was 345 MW, an increase of 68% year-on-year. The deployment of solar roofs nearly tripled year-on-year in 2021 and continued to grow in the fourth quarter. Tesla is further reducing costs, especially installation costs, to improve energy profitability < p > 3) services and others < / P > < p > in 2021, the gross profit margin of services and other businesses increased to - 2.7%, which was the best performance in five years and slightly higher than the breakeven in the fourth quarter of 2021. Although used car sales remained strong in 2021, the profit contribution of other business units such as service, commodity and parts sales also improved < p > Future Outlook < / P > < p > 1) production capacity < / P > < p > Tesla plans to increase production capacity as soon as possible. In the next few years, the company expects the average annual growth rate of vehicle delivery to reach 50%. The growth rate will depend on their equipment capacity, operational efficiency and supply chain capacity and stability. Since the supply chain has become the main limiting factor, Tesla's own plant has been operating at low load for several consecutive quarters, which may last for the whole of 2022 < p > 2) cash < / P > < p > Tesla claims to have sufficient working capital to support its product roadmap, long-term capacity expansion plan and other expenses < p > 3) profit < / P > < p > although the company continues to innovate to reduce manufacturing and operating costs, they expect its hardware related profits to accelerate with software related profits over time < p > 4) production < / P > < p > the production speed of factories in Austin and Berlin will be affected by the successful introduction of many new products and manufacturing technologies in new locations, continuous supply chain related challenges and regional licensing. Tesla is making progress in the industrialization of electric pickup truck, which is currently planned to be produced in Austin after model y < p > on Wednesday, US local time, Tesla shares closed at US $937.41, up 2.07%. But on the plate ?
2023-03-22 10:04:49