Text: Original by Dongchedi Chang Siyue [Original by Dongchedi Industry] Net profit increased by 157%! The annual delivery volume is close to 500,000 vehicles! After a year of thrilling, Tesla released its financial report for the last quarter of 2020. Overall, Tesla still mainta

text: Original by Dongchedi Chang Siyue

[Original by Dongchedi Industry] Net profit increased by 157%! The annual delivery volume is close to 500,000 vehicles! After a year of thrilling, Tesla released its financial report for the last quarter of 2020. Overall, Tesla still maintained a relatively good upward momentum in the fourth quarter of 2020. In 2021, Tesla will hit the annual delivery target of 750,000 vehicles.

From the financial report data, Tesla 's fourth quarter revenue was US$10.74 billion (approximately RMB 69.6 billion), an increase of about 46% year-on-year and 22.49% month-on-month. Among them, the automobile business contributed US$9.314 billion (approximately RMB 60.3 billion), an increase of about 46% year-on-year and 22.37% month-on-month.

Among them, the net profit attributable to shareholders was US$270 million, an increase of 157% year-on-year compared with the fourth quarter of 2019, but compared with the third quarter of 2020, it fell by 12.9% month-on-month. This is also the profitability of Tesla for six consecutive quarters.

Tesla 's fourth quarter performance continued the stable upward momentum in the first three quarters and also provided strong support for the full-year financial report performance. In 2020, the revenue of Tesla was US$31.54 billion, a year-on-year increase of 28%; the net profit attributable to shareholders reached US$721 million.

It is worth noting that Tesla achieved an operating profit margin of 6.3% in 2020. Although it is still leading the industry, it is no longer so prominent compared to 9.2% in the third quarter of 2020. Tesla said that the increase in share payment fees to US$1.7 billion also had an impact on operating profit margins.

In addition to this, the increase in Model 3 and relatively low-priced products such as Model Y are gradually rolling out, which also has a certain impact on this part of the operating profit. Tesla said that the average vehicle sales price in in the fourth quarter fell 11% year-on-year.

Tesla Model 3 2021 Performance high-performance all-wheel drive version

In terms of production and sales, the delivery volume of Tesla in 2020 was close to the 500,000 vehicles mark, at 499,647 vehicles . As can be seen from the figure below, this is mainly due to the large increase in volume in the fourth quarter of 2020. In terms of

points, in the fourth quarter of 2020, the total delivery volume of Tesla was 180,667 vehicles, of which 18,966 vehicles were Model S and Model X were 161,701 vehicles, and Model 3 and Model Y were delivered.

Tesla was mainly delivered in 2020 in 3 markets: North America, China, and Europe. Among them, the North American market is still the largest market for Tesla . With the continuous increase in sales of China's Model 3 in 2020, the gap with the European market has become smaller and smaller.

Europe is a market that will be key to break through in the future for Tesla . Tesla said, "The completion of the Berlin Super Factory will significantly increase local delivery volume. The construction of the Berlin factory is still in progress as planned, and the equipment has begun to enter the market."

While releasing its financial report, Tesla also released the new Model S and the new Model X. These two products basically continue the previous design style in appearance, but both have significantly improved in interior.

New Model S

New Model X

New Model X

High steering wheel adopts a design similar to the rudder of the aircraft , and the central control screen has been changed to a banner-like layout, with a size of 17 inches.

In addition to this, Tesla also stated that it will deliver the first Tesla Semi semi-mounted truck by the end of this year, and this product will be produced at the Texas factory. In terms of battery life, previous news showed that in fast charging mode, the 500-mile (about 805 kilometers) model can have a range of 644 kilometers in 30 minutes of charging.

Tesla Semi semi-trailer

In addition to products, in 2021, Tesla will also start producing cars with self-developed battery cell structure batteries in factories in Berlin and Austin, which may have a certain impact on the overall layout of power batteries.

According to the plan, Tesla is expected to reach 50% annual average growth rate of vehicle delivery in the next few years. " may grow faster in some years, and we expect this to be the case in 2021. "

That is to say, in 2021, the annual delivery volume of Tesla is likely to reach more than 750,000 vehicles in . But at the same time, Tesla also leaves room for explanation for such a growth rate: "The growth rate mainly depends on equipment production capacity, operational efficiency, and supply chain capabilities and stability."

From the current perspective, the increment of Tesla in 2021 may still depend on the Chinese market. After the Model Y is launched, the overall sales may still have a relatively obvious increase. There have been news that the production capacity of the Tesla Shanghai factory in 2021 will be expanded to about 500,000 vehicles.

Looking forward to 2021, Tesla is full of confidence. They said: "2021 will be the year when Tesla production capacity and sales explode around the world. With the capacity of Shanghai Super Factory climbing and the completion and production of Berlin Super Factory, Tesla will start a new round of electric vehicle boom around the world."