Musk talks about Tesla's profitability: Unique in the world's auto industry

According to news on May 17, at the Tesla shareholders meeting, Tesla CEO Musk publicly stated that Tesla is the world’s largest electric car manufacturer and has the highest profit margin among all car manufacturers. of a family.

Tesla’s rivals face serious challenges, many of which are losing money making electric vehicles, Musk noted. He said: "Making electric cars is a very challenging task, and many competitors are taking huge losses, but we are different. We can make cars profitably. Almost no other company can do this like us. "This is indeed a difficult task." and charts on the profitability of Ford EV, Polestar, Rivian and Lucid. Surprisingly, however, Tesla is the only company with positive operating profits.

According to the first quarter financial report data released by Tesla, Tesla has delivered more than 422,000 vehicles globally, and its total revenue reached US$23.329 billion, a year-on-year increase of 24%. Net profit reached US$2.5 billion, with an operating profit margin of 11.4%. This is Tesla’s 15th consecutive quarter of profitability. It is worth mentioning that Tesla’s Model The Y became Europe's best-selling vehicle in the first quarter and was also the best-selling non-pickup vehicle in the United States.

According to ITBEAR Technology Information, Tesla’s revenue in the Chinese market reached US$4.891 billion (approximately RMB 33.748 billion) in the first quarter of this year, a year-on-year increase of 5.18%. In the U.S. market, Tesla’s sales revenue reached US$11.247 billion (approximately RMB 77.604 billion), a year-on-year increase of 28.77%. In addition, Tesla also contributed US$7.191 billion (approximately RMB 50.321 billion) in revenue in Germany, the Asia-Pacific region and other markets, a year-on-year increase of 33.86%.

To sum up, Tesla, as one of the world's largest electric vehicle manufacturers, not only shows strong growth in deliveries and revenue, but also performs well in terms of profits, which makes Tesla in Stand out in a highly competitive market. Tesla's success sets a performance standard for other automakers and also shows that the electric vehicle industry has huge potential and broad prospects for sustainable development.

The above is the detailed content of Musk talks about Tesla's profitability: Unique in the world's auto industry. For more information, please follow other related articles on the PHP Chinese website!