Early this morning, Tesla released its first quarter of 2021 financial report.
Tesla officially declared that although it currently faces many problems such as supply chain instability in the first quarter, it still achieved the highest production and delivery volume since Tesla was born. In the end, GAAP's net profit reached US$438 million, and non-GAAP net profit exceeded US$1 billion for the first time. These are the best data Tesla has ever seen.
In terms of cash flow in the first quarter, Tesla had US$293 million, with borrowings, liabilities, etc. falling by US$1.2 billion, while cash equivalents were US$17.1 billion, with a relatively low of 2.2 billion. In this financial report, Tesla also revealed the actual delivery data of its various models. The production of Model 3 and Model Y models in the first quarter was 180,338 units, an increase of 107% over the same period last year, and the delivery volume exceeded 140% in the same period.
Both models are Tesla's entry-level models, and perhaps it is also because of the popularity of the domestic market, which has driven manufacturing and delivery volume.
In fact, Tesla also has good control over the cost. Four years ago, a Model 3 cost nearly $90,000, but now it can be manufactured for less than $40,000.
Recently, Tesla has revealed that there are many problems. It hopes that behind such beautiful financial report data, it can make products seriously. It also calls on Tesla to handle all the current complaints and stories in China and never blame them again.
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