[Pacific Automobile Network Industry Channel] Recently, Tesla officially released the financial report data for the second quarter of 2022. According to reports, Tesla made significant progress in various businesses in the second quarter of 2022, with GAAP's operating profit in the second quarter of 2022 being US$2.5 billion, operating profit margin of 14.6%, and GAAP's net profit in the second quarter was US$2.3 billion. In terms of cash, Tesla's operating cash flow ( free cash flow ) after deducting capital expenditures in the second quarter was US$621 million; in the second quarter, our cash and cash equivalents increased by US$800 million to US$18.3 billion. In terms of profit, GAAP's operating profit in the second quarter was US$2.5 billion, and the operating profit margin was 14.6%; GAAP's net profit in the second quarter was US$2.3 billion, non-GAAP net profit (not counting the share payment fee) was US$2.6 billion, and GAAP's gross profit margin in the second quarter was 27.9%. In terms of operations, the Berlin Gigafactory's single-week output has exceeded 1,000 vehicles, and the solar installed capacity has reached the highest record in four years.
In the second quarter of 2022, although Tesla faced many challenges including production restrictions and shutdowns in Shanghai for most of the quarter, it still achieved an industry-high operating margin of 14.6%, and a positive free cash flow of US$621 million. At the end of the second quarter, it achieved the highest single-month production record of Tesla.
In the second quarter, the production capacity of new factories in Berlin-Brandenburg and Austin continued to climb. The Berlin Gigafactory achieved an important milestone of more than 1,000 vehicles per week, and the gross profit margin this quarter was positive. The first vehicles equipped with Tesla-made 4680 battery and structural battery packs produced by the Austin factory have been delivered to American consumers. We will continue to invest in expanding factory production capacity and maximize production.
In addition, the energy business also made significant progress in the second quarter, achieving higher output and better unit economic benefits. This has further promoted the overall gross profit to hit a new high. Customers have shown strong interest in energy storage products that are far higher than our production speed. With both the Fremont plant and the Shanghai plant achieving the highest monthly output ever and the development of new plants, we will do our best to set a new record in the second half of 2022. (Text: Pacific Auto Network Liu Yunqing)
