On October 20, Tesla released its third quarter financial report for 2022. After the financial report was released, Tesla's US stock 's after-hours price fell 6.28%, and its market value decreased by about US$43.7 billion (approximately RMB 315.9 billion).
financial report shows that Tesla achieved revenue of US$21.45 billion in the third quarter, an increase of 56%, but lower than analysts' expectations of US$21.96 billion; GAAP net profit of US$3.3 billion, and non-GAAP net profit (not counting share payment fees) of US$3.7 billion; GAAP automobile gross profit margin was 27.9%, lower than 30.5% in the same period in 2021.
On the earnings call, Musk said Tesla will have an epic fourth quarter, and we have a good estimate of demand for the fourth quarter, and expect to sell all the cars produced.
Regarding future revenue situations, Musk said that Tesla will not reduce production in any way regardless of the recession or not. Even if 2023 is a cruel year of recession, Tesla will earn considerable cash income. As the world transitions to electric car , Tesla's revenue will basically not decline.
For the next-generation platform, Musk said that it is not possible to predict the launch time of the third-generation automotive platform. But it will be half the cost of the 3/Y platform and it will be smaller, while sales will exceed the sum of all Tesla's other vehicles combined.
In addition, Musk also said that Tesla's market value may be higher in the future than , Apple, and Saudi Aramco combined (this does not include Tesla robots). "This is the first time I have seen this potential." Currently, Apple's market value is about $2.3 trillion, Saudi Aramco's market value is about $2 trillion, and Tesla's market value is less than $700 billion.
Tesla's official Weibo said that we are still focusing on increasing the production of automobiles as soon as possible by increasing the weekly output of Fremont and Shanghai, as well as the capacity climb in Berlin and Texas. Despite the improvement, logistics fluctuations and supply chain bottlenecks remain imminent challenges. (Text | "Financial World" Weekly Zheng Haojun)
