Tesla releases the fourth quarter financial report model y or delivers it half a year in advance

Posted 2023-02-04 00:00:00 +0000 UTC

A good financial report released on the 29th showed that the revenue and profit of the fourth quarter of 2019 exceeded the market's previous expectations. In addition, the biggest highlight of this quarter's financial report is that Tesla's share price has continued to rise since the second half of this year. At present, its market value has exceeded 100 billion US dollars, far surpassing most of the large traditional automobile manufacturers. The good financial report released on the 29th even put Tesla Pull's share price continued to reach a new high after hours, up nearly 12%. Tesla continued the good trend of last quarter's performance in the fourth quarter of last year. Both revenue and profit continued to perform steadily. In the fourth quarter, Tesla achieved revenue of $7.38 billion, a year-on-year increase of 2%, which exceeded the market's expectation of $6.99 billion. This was mainly driven by the 23% year-on-year increase in delivery volume, while the profit was $105 million, a year-on-year decrease of $140 million It slipped 25%, but its profit exceeded the market expectation by 24%. Tesla's steady performance in this quarter is mainly due to the hot sales of its model 3 models. In the fourth quarter, 92000 models were delivered, up 46% year-on-year and 16% month on month. The strong sales of model 3 also achieved the previously set goal of 360000 to 400000 total deliveries in the whole year. In 2019, the total deliveries of Tesla were 367000, including model 3's delivery volume exceeded 300000 vehicles in the whole year, accounting for more than 80% of the total delivery. Tesla aims to deliver 500000 vehicles in 2020. According to the information released by Tesla, the annual production capacity of Fremont agent plant will reach 500000 by 2020, and the design production capacity of Shanghai plant model 3 will be 150000. In the fourth quarter financial report, in addition to the above benefits, the biggest bright spot comes from the news of Tesla's latest model model y. Tesla announced in the financial report that model y has started production since the beginning of 2020 and will be delivered as soon as March this year, which is a full six months ahead of the delivery target date previously announced by the company. Model y was officially announced in March 2019. As a small and medium-sized model, model y further enriches Tesla's existing electric vehicle product line and provides more differentiation options for the market. Model y is also expected to become another hot electric vehicle model after model 3. In terms of the performance and quality of the vehicle itself, model y, as a new market-oriented electric vehicle under Tesla, has also reached the current optimal level in terms of efficiency. While announcing the delivery date ahead of time, Tesla also said that The EPA mileage of Y four-wheel drive model has been increased from 280 miles previously announced to 315 miles. In a telephone conference after the financial report was released on the same day, Tesla chief executive officer mask said that model y will be the most energy-efficient electric SUV model, with a mileage of 4.1 miles per kilowatt hour, which is far more efficient than Jaguar ipace, Mustang Mach e, e-tron and other competitive models. At present, model y is only produced in Fremont agent factory, and it is planned to start production in Shanghai factory in 2021. In addition, the Berlin factory in Germany will also produce model y in the future.

Copyright © 2020. TUTESL All rights reserved.