Tesla's 25.9% Gross Margin Amid EV Industry Cost Pressures
- 2024-08-14
- News
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There's really no way around it! What's going on with Tesla? It always smashes the heads of short-sellers and those betting against the stock with data! If someone is asking for a beating, here's a suggestion: if you have the conditions, short Tesla; if foreign exchange capital controls are in place, then across the ocean, risking your life and shouting at the top of your lungs to short Tesla. I guarantee that within three months, your head will be full of bumps. Don't believe it? Give it a try!
The financial report shows that Tesla's automotive gross margin in the fourth quarter of 2022 was 25.9%. Are you furious? The news from the electric vehicle industry has always been that the more you produce, the more you lose money, yet Tesla's gross profit is as high as 25.9%? It's hard to believe your own eyes! Moreover, it has recently reduced prices globally, and what's more infuriating is that it's at the "lowest level in the past five quarters." Does Tesla leave any room for other manufacturers? Can't it just focus on making a fortune for itself?
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In 2022, Tesla achieved a revenue of $81.462 billion, a year-on-year increase of 51%; net profit was $12.556 billion, a year-on-year increase of 128%. Core indicators such as revenue, gross margin, and net profit are so well-matched and aligned. Revenue increased by 51%, and the actual net profit increased by 128% year-on-year. The environment faced was that 2022 was a year when the world was terrifyingly difficult, yet Tesla still made a fortune!
Throughout 2022, Tesla produced a total of 1.3696 million vehicles worldwide and delivered 1.3139 million vehicles. 2022 set a new record for Tesla's electric vehicle deliveries!
In the fourth quarter of 2022, Tesla achieved the highest revenue for two consecutive quarters; "coal selling" revenue reached the third highest for a single quarter, with the energy storage business installation reaching 6.5 gigawatt-hours in 2022, a 64% increase compared to last year; the production of factories in Shanghai and other places all reached new highs, and the pickup truck will start production later this year. The most important thing is that it is developing the next-generation automotive platform, and details will be announced on March 1st, Investor Day. Tesla knows how to expand its business scale. In the fourth quarter, revenue increased by 37%, operating costs decreased by 16%, and operating profit surged by 49%.
The fourth quarter of 2022 was another record-breaking quarter, and 2022 was also a record-breaking year. In the last quarter, Tesla achieved the highest single-quarter revenue, the highest operating profit, and the highest net profit in its history. For the entire year of 2022, Tesla's total revenue increased by 51% year-on-year, reaching $81.5 billion; GAAP net profit more than doubled year-on-year, reaching $12.6 billion.
How about Tesla's stock price? Sorry to the naysayers, it has risen significantly. From almost breaking below $100, it reached $144.43 at the close on Wednesday (January 25th), a short-term increase of 44.43%. Wall Street investor "Wood Sister" predicts: Tesla's stock price will rise above $500, and its market value will return to over $1 trillion, no doubt!
Most noteworthy is that this time, Korean retail investors and "Wood Sister" have made a fortune by bottom-fishing Tesla near the $100 stock price. The new round of investors bottom-fishing Tesla are all loyal supporters of Tesla. This also indicates that Tesla's stock price will be more stable in the future!
For Tesla, those who try to short Tesla have been washed out. Hedge fund bigwigs who short Tesla have lost a lot this year. In the coming year, Tesla's stock price will continue to rise.What new moves does Tesla have planned for the future? Tesla anticipates that its vehicle deliveries will reach 1.8 million units in 2023, which represents a 37% increase compared to 2022. In addition, Tesla has stated that its next-generation vehicle platform is under development, and the Cybertruck is expected to begin production at the Texas factory later this year. Concurrently, the Mexico Gigafactory and Indonesia Gigafactory are expected to commence operations, while the India and South Korea Gigafactories are anticipated to enter the negotiation and contract signing phase.
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