Tesla’s second-quarter net profit surged nearly 100% year-on-year: Musk thanked the people! Chinese market loves to buy Model 3
Tesla Motors today reported the company’s fiscal 2022 second-quarter earnings. The report shows that Tesla Motors’ second-quarter revenue was $16.934 billion, an increase of 42% compared with $11.958 billion in the same period last year; net profit was $2.269 billion, compared with $1.178 billion in the same period last year .
Tesla Motors’ second-quarter revenue from its automotive business was $14.602 billion, an increase of 43% from $10.206 billion in the same period last year and $16.861 billion in the previous quarter.
Tesla Motors’ second-quarter revenue from auto sales was $13.670 billion, compared with $9.520 billion in the same period last year and $15.514 billion in the previous quarter; revenue from auto regulatory credits was 3.44% Revenue from the car rental business was $588 million, compared with $332 million in the same period last year, and $668 million in the previous quarter.
Tesla Motors’ second-quarter revenue from power generation and storage was $866 million, compared with $801 million a year earlier and $616 million in the previous quarter.
Tesla Motors’ second-quarter revenue from services and other businesses was $1.466 billion, compared with $951 million a year earlier and $1.279 billion in the previous quarter.
Tesla Motors produced 258,580 vehicles in the second quarter, a 25% increase from 206,421 a year earlier and 305,407 in the previous quarter.
Among them, the production of Model S and Model X models was 16,411, an increase of 601% compared with 2,340 in the same period last year, compared with 14,218 in the previous quarter; the production of Model 3 and Model Y was 242,169 , an increase of 19% compared to 204,081 vehicles in the same period last year, compared to 291,189 vehicles in the previous quarter.
Tesla Motors delivered a total of 254,695 vehicles in the second quarter, up 27% from 201,304 in the same period last year and 310,048 in the previous quarter.
Among them, Model S and Model X models delivered 16,162 vehicles, an increase of 753% compared with 1,895 vehicles in the same period last year, compared with 14,724 vehicles delivered in the previous quarter;Model 3 and Model Y deliveries were 238,533, up 20% from 199,409 a year earlier and 295,324 in the previous quarter.
Musk said Tesla’s electric truck is expected to debut in 2023 and is confident that fully autonomous driving will be solved this year.Tesla executive Baglino said that Tesla’s production of 4680 batteries increased by 35% month-on-month, while it is expected to further increase the production capacity of the Shanghai factory, while at the same timePlans to increase the price of FSD driver assistance features.
Currently, the Texas plant is on track to reach the milestone of 1,000 units a week in the next few months, potentially breaking the record for vehicle production in the second half of the year. In the interview, Musk also said that Tesla did not sell Dogecoin, and sold its bitcoin holdings to improve its cash position and was open to increasing its bitcoin holdings in the future.
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