Leidi.com Lei Jianping July 20
Tesla reports earnings today. The financial report shows that Tesla’s revenue in the second quarter of 2023 will be US$24.927 billion, an increase of 47% from US$16.934 billion in the same period last year.
Among them, Tesla’s revenue from automobile production in the second quarter of 2023 was US$21.268 billion, an increase of 46% from US$14.6 billion in the same period of the previous year; revenue from energy generation and storage revenue was US$1.509 billion, an increase of 74% from US$866 million in the same period of the previous year; revenue from services and others was US$2.15 billion, an increase of 47% from US$1.466 billion in the same period last year.
Tesla produced a total of 479,700 vehicles in the second quarter of 2023, an increase of 86% from 258,580 vehicles in the same period of the previous year; among them, Tesla Model S/X produced 19,489 vehicles, and Model 3/y produced 46.0211 vehicles.
Tesla delivered a total of 466,140 vehicles in the second quarter of 2023, an increase of 83% from 254,695 vehicles in the same period of the previous year; among them, Tesla Model S/X delivered 19,225 vehicles, and Model 3/y produced 44,915 vehicles.
Tesla's gross profit in the second quarter of 2023 was US$4.533 billion, an increase of 7% from the US$4.234 billion in the same period last year. Tesla's gross profit margin hit a four-year low.
Tesla's Adjusted EBITDA in the second quarter of 2023 was US$4.653 billion, an increase of 23% from US$3.791 billion in the same period last year; the Adjusted EBITDA rate was 18.7%, and the Adjusted EBITDA rate in the same period last year was 22.4%.
Tesla's net profit attributable to shareholders in the second quarter of 2023 was US$2.7 billion, an increase of 20% from US$2.259 billion in the same period last year.
According to the commentary, Tesla reported record revenue, but profits were under pressure due to Tesla's fierce price war with competitors - due to the rise of competitors, Tesla was forced to slash prices.
Tesla also said in its results: "The challenges of these uncertain times are not over."
Musk, who also controls Twitter, the rocket company SpaceX and a new artificial intelligence venture, has repeatedly faced questions from shareholders who say he is under too much pressure.
Musk revealed in a conference call a few days ago that the production in the third quarter of 2023 will be slightly lower than that in the second quarter, mainly due to the upgrade of Tesla's various factories. During the upgrade, some production capacity may be idle.
Musk also revealed that if the overall economic environment is unstable, price cuts will continue. To invest in Tesla with a long-term perspective, you must invest in value like Buffett.
As of today's close, Tesla's share price was $291.26, with a market value of $923.15 billion, but the company's share price fell 4% after hours.
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