Tidium Media APP reported on July 21 that Tesla released its second quarter 2022 financial report data today. In the second quarter of this year, Tesla achieved an operating profit margin of 14.6%, and set a new single-month production record in June.
has maintained profitability for 12 consecutive quarters, with revenue reaching US$16.9 billion in the second quarter
According to financial report data, Tesla continues to make significant progress in various businesses, with total revenue reaching US$16.9 billion, a year-on-year increase of 42%.
At present, the costs of raw materials, commodities, logistics, etc. in the industry have generally increased. With the increase in delivery volume and the support of other business profits, Tesla's operating income can still maintain steady growth, which is not easy.
. In terms of profit, despite many challenges including production restrictions and shutdowns in Shanghai under the epidemic environment, Tesla still achieved an operating profit margin of 14.6% in the second quarter, with operating profit increasing year-on-year to US$2.5 billion.
htmlCash, cash equivalents and short-term securities rose by $902 million to $18.9 billion in the second quarter, mainly due to free cash flow of $621 million, partially offset by $402 million in debt repayment.Among the complex and indispensable vehicle companies upstream and downstream of the industrial chain, Tesla has responded to global supply chain problems through a complete supply system, and has demonstrated a good profit level with the help of solar energy and other businesses.
production capacity has gradually recovered, and Shanghai Super Factory set a single-month production record
In the second quarter of 2022, Tesla's overall production efficiency still reached a historical high under complex challenges such as shutdowns, global supply chain disruptions, labor shortages, and logistics. Among them, the Shanghai Super Factory still achieved record monthly output despite varying degrees of shutdown and production restrictions in the second quarter.
In the conference call, Musk specifically stated: "The full resumption of production of Tesla's Shanghai Super Factory has demonstrated the strong resilience of China's intelligent manufacturing, and this cannot be separated from our excellent Chinese team. In short, we admire Chinese manufacturers very much and respect their abilities more."
Tesla's Shanghai Super Factory - Exterior Location
According to data from the China Passenger Car Association, in June 2022, Tesla's Shanghai Super Factory set a new historical record with its monthly sales of 78,906 vehicles. Recently, the Shanghai Super Factory has also undergone equipment upgrades, and production efficiency is expected to be further improved.
In the overseas market, the Fremont factory in the United States also set a production record; the Texas Super Factory has installed the next generation of 4680 battery production equipment and is debugged simultaneously, and the production capacity is continuing to climb. In Germany, the production efficiency of the Berlin Super Factory increased at the end of the second quarter, and more than 1,000 Model Ys equipped with 2170 batteries were produced in a single week. It is expected that production will continue to increase in the second half of the year.
Texas Gigafactory - Solar Panels
According to Tesla's official forecast, as both the Fremont factory and the Shanghai factory achieve the highest monthly output in history and the development of new factories, Tesla is expected to set more new records in the second half of this year.
explores data energy, and FSD test scale continues to expand
As we all know, since its establishment, Tesla has been known for its large number of innovative technologies in the industry. At present, Tesla's full autonomous driving capability (FSD) has ushered in new progress.
Tesla FSD test scale continues to expand. As of the end of the second quarter, more than 100,000 Tesla owners have used the fully autonomous driving capability (FSD) beta function in North America. Through the mileage accumulated by car owners using urban road conditions under supervision, they can discover "data energy" and accelerate the development process of FSD function. In terms of vehicle software, Tesla's latest vehicle is equipped with a pure visual solution, which can tighten the seat belt early in most frontal collision accidents. In addition, Tesla has also expanded the user interface customization content in the V11 version software update, and can activate functions such as defrost, front wiper and seat heater with one click. In terms of production and manufacturing, with the support of the integration of large castings and parts, Tesla has reduced the number of robots per unit production capacity of Tesla's new factory by more than 70%, and the streamlined production line is more conducive to energy conservation and environmental protection.
It will take time to accumulate the production capacity of the factory
According to Tesla's official forecast, in the next few years, Tesla's automobile delivery volume will achieve an average annual growth of 50%. The specific growth rate depends on equipment capacity, factory uptime, operational efficiency, supply chain capabilities and stability.
Therefore, in the next few years, Tesla will focus on increasing the production capacity of major factories. By maintaining innovation to reduce manufacturing and operational costs, accelerating growth in software-related profits will be achieved with the growth of hardware profits.
The factory capacity climbing takes a certain amount of time, and the same is true for the two factories in Austin and Berlin. Specifically, the speed of production climbing in factories in Austin and Berlin will be affected by the successful introduction of many new products and manufacturing technologies, as well as supply chain challenges. At the same time, Tesla has also made progress in the industrial production of Cybertruck, and is currently planning to start production at its Austin factory.
It is worth mentioning that the market demand for Tesla's energy storage product Powerwall is also continuing to increase. The factory producing Megapack is climbing production capacity and actively responding to challenges in semiconductor supply and other aspects.
is written at the end. will be a very difficult time for any vehicle manufacturer. Under the pressure of supply chain challenges, global epidemic, and rising raw material prices, Tesla's revenue in the second quarter still reached US$16.9 billion, and also achieved a year-on-year growth of 42%. From record production, to continuously upgraded technology, to layout of clean energy business, Tesla has indeed shown its outstanding revenue capabilities and rare "resilience".
In the future, Tesla also plans to increase production capacity as soon as possible, and the supply chain will continue to be improved and improved to meet the industry's upgrade needs. In addition, Musk also threw out a new suspense in the conference call: There will be a lot of "exciting things" in 2022.
