Tesla achieved revenue of US$21.454 billion in the third quarter, a year-on-year increase of 56%, lower than Wall Street's estimated US$22.1 billion; net profit attributable to common shareholders was US$3.292 billion, a year-on-year increase of 103%, higher than the expected US$

2025/07/2921:22:35 hotcomm 1085

On October 20, Tesla (TSLA.US) released its third quarter financial report for 2022. Tesla achieved revenue of US$21.454 billion in the third quarter, with increasing by 256% year-on-year, lower than the estimated US$22.1 billion by Wall Street ; net profit attributable to common shareholders was US$3.292 billion, a year-on-year increase of 103%, higher than the expected US$3.19 billion. Adjusted earnings per share in the third quarter were $1.05, higher than expected 99 cents; gross profit margin of the automotive business was 27.9%, and market expectations were 28.4%.

Tesla stock price fell 6.17% after trading, and then the decline narrowed.

Tesla achieved revenue of US$21.454 billion in the third quarter, a year-on-year increase of 56%, lower than Wall Street's estimated US$22.1 billion; net profit attributable to common shareholders was US$3.292 billion, a year-on-year increase of 103%, higher than the expected US$ - DayDayNews

↑Tesla store According to Tuchuang Creative

Tesla told the Red Star Capital Bureau: Raw material costs (rise), inflation rate (rise), as well as the reduction in efficiency brought about by the production climb of Berlin Super Factory, Texas Super Factory, and 4680 battery, all affected its profit margins; the US dollar is continuing to increase in value, and the operating income in the third quarter was negatively affected by Foreign Exchange by about 250 million US dollars.

In addition, Tesla plans to reduce the transportation costs per vehicle and no longer "reduce sales" at the end of the month. The company said that large-scale delivery in the last few weeks of each quarter resulted in increased transportation costs and logistics instability. "We began to transition to a smoother delivery rhythm, based on this, a large number of vehicles will still be in the process of transportation at the end of the quarter. It is expected that smoother factory logistics in the quarter will be able to reduce the transportation cost of each vehicle."

According to the 2022 third quarter automobile production and delivery report released a few days ago, Tesla produced more than 365,000 cars in the third quarter, delivering more than 343,000 vehicles, a year-on-year increase of 42.4%, setting a new high of , but it was less than the 358,000 vehicles that analysts had expected.

Tesla said that the reason for the lower delivery volume in the third quarter was that logistics transportation caused an increase in the number of cars during transportation.

Looking ahead, Tesla expects car delivery to achieve an annual growth rate of 50% in the next few years. The company focuses on increasing vehicle production as soon as possible by increasing weekly output in Fremont and Shanghai, as well as production capacity in Berlin and Texas. Tesla said that the restriction of the battery supply chain will be the main limiting factor in the medium- and long-term growth of the electric vehicle market.

↑Tesla Shanghai factory

Tesla CEO Musk expects Tesla delivery to reach record levels in the fourth quarter. Even if the U.S. economy falls into a severe recession in 2023, companies can still earn considerable income.

He also revealed that the company has made rapid progress in the production of 4680 batteries; it is expected to release FSD beta versions widely to all FSD users in North America in the fourth quarter; semi-electric heavy trucks will start delivering in December; Tesla may conduct stock repurchases of $5 billion to $10 billion; it is developing a cheaper next-generation car platform, and the cost of the next-generation new car of will be half of the Model3/Y, but the output may be higher than the current total of all products ; it is confirmed that Tesla will build a lithium smelter in Texas, USA.

↑ Tesla Model Y production line

Musk said that Tesla's market value may exceed Apple and Saudi Aramco's total . As of now, Apple's total market value is US$2.31 trillion, and Saudi Aramco's total market value is approximately US$2.09 trillion.

It is worth mentioning that in the third quarter of this year, Tesla's energy storage installed capacity increased by 62% year-on-year to 2.1GWh (GWh), reaching the company's highest level so far. Tesla's solar installed capacity increased by 13% year-on-year to 94 megawatts in the third quarter. The revenue brought by Super Charging to Tesla has increased by more than three times year-on-year. Tesla will continue to change the fees of more Super Charging Stations from fixed prices to volatile prices, thereby better managing vehicle traffic at supercharge sites.

Red Star News Reporter Wu Danruo

Editor Ren Zhijiang Editor Peng Jiang

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