Tesla CEO Elon Musk EV has announced that it will make its first billion dollars in quarterly profits and establish itself as one of the fastest growing and most profitable car companies in the world. In this world.
If there is something “important” that could be one of the last appeals of the company’s quarterly investor, it is now clear to the public that electric vehicles are the only future. .
Q2 results have been estimated by analysts. Revenue for the first quarter was $ 11.1 billion (A1.54 billion), with net revenues of $ 11.9 billion (A16.2 billion), car sales (car sales), while winning the first 10 billion dollars.
The EV manufacturer produced 200,000 vehicles in the first quarter, and Model 3 and Model Y established themselves as leaders in many markets, with operating margins more than doubling.
New data shows that plug-ins account for 19 percent of all new car sales in Europe, and in June Tesla Model 3 beat the next three most popular EVs together.
And with the company Musk appearing on the call and new factories opening soon in Berlin, Texas, it will speed up production.
“We may be the fastest growing brand in history,” says Musk. Probably a factor as to why they’re doing so poorly.
“Tesla is not only one of the fastest growing car companies in the world, but also one of the most profitable,” Morgan Stanley analyst Adam Jonas echoed in an email to customers after the results.
In addition, Tesla’s profit margin was better than that of most of the established German and premium market players, despite the negative contributions of Model S and Model X, which were severely restricted and improved earlier this year.
After the completion of the Austin and Berlin gigafactories, Jonas said, he expects the margins to increase further, adding that more gigabytes could be in line, including Australia, India, Vietnam, Scandinavia, Eastern Europe and the Middle East.
Jonah believes most of Tesla’s value is not in the automotive business but in power, mobility and car sharing, as well as insurance, network services and third-party power rail and battery services.
But Tesla has many short-term hurdles, including a shortage of battery cells and a lack of semi-leading technologies, to boost Model Y production and bring new products such as Siberbertrack and Semi to the product line. .
See more in Brady Schmidt’s story: Tesla to increase battery supply for Cybertrack, Semi
Musk said many people did not understand how “difficult” it was to produce new cars, noting that Tesla and Ford were the only two American car companies that did not go bankrupt.
There are hundreds of car launchers in the United States, and abroad, in the United States. As a result, Tesla has not been accused of making noise. ”
“That’s the amazing part, because everyone, because everyone thinks it’s a difficult part of the concept, but it’s easy to compare with the actual product. Of all the American car companies, it is always worth noting that only Ford and Tesla are the ones that did not make a loss.
Citing the current shortage of supplies for cells, chips, and other items, Mook says Tesla will inherit “all energy majeures” on Earth. “You are only good if you are not very lucky. You are moving fast as your best provider.
Music Sibertrak may be the “best car” ever, but it was a big challenge due to the size of the unexplored territory.
But there is no doubt about where the future lies – in autonomous, electric vehicles. Tesla recently focused on self-driving with a camera, and if it proved to be safe for two or three times on Tuesday morning, it would be “unthinkable” to refuse a car.
To make a valid subscription, you must enable FDS (full self-driving). Once deployed, the value proposition becomes clear. He becomes a rare person who does not use it.
“Things are moving in the direction of a fully automated, electric vehicle,” says Musk. “The cost of fully electric aerodynamics is enormous. It really irritates the mind. It will be one of the most important events in the history of civilization. ”
Analysts like Jonah agreed with that note. Tesla is not a car company as it is a huge platform.
And in a short period of time, it is also well placed in the face of supply shortages.
“We believe that in the next two to three years, we will be able to reliably determine the maximum number of low-cost batteries,” Jonah wrote in a recent report.
Using the example of a bread truck for bread cells, we think successful EV players will be closer to the bakery. Tesla owns a bakery. ”
Giles Parkinson is the founder and editor of The Driven and also edited the Renewal Economy and One Step from Grid Websites. He has been a journalist for 40 years and is a former Editor of Business and Australian Financial Assessment and owner of Tesla Model 3.