Tesla presents quarterly figures and exceeds all expectations!

Tesla presents quarterly figures and exceeds all expectations!

Q1 figures have finally been released. Like most, we're pretty impressed by these numbers. Tesla was not only able to maintain the figures from the 4th quarter of 2021, but also increased them by $1.06 billion! Tesla increased revenue to $18.76 billion in Q1 2022 (compared to $10.39 billion in Q1 2021). This corresponds to an increase of 81%. Tesla reported gross profit of $5.46 billion and net profit of $3.3 billion in Q1 2022. Analysts had expected Tesla to set a new sales record, but not on this scale. Tesla offset higher commodity, material and logistics prices thanks to higher volumes, lower stock compensation and increased revenue from carbon credit sales. Elon Musk also spoke of another enormous increase for the year 2022/2023. The Gigafactory Austin and Grünheide have just started. So it remains to be seen how Tesla's figures will develop in 2023, when full production will take place there. Here Elon Musk announced at yesterday's conference call that Tesla wants to increase production in Austin and Grünheide exponentially by the end of this year. Tesla learned a lot from the construction of the Gigafactory Shanghai and now wants to use and implement this experience. Elon Musk gave the production volume at the turn of the year with up to 5000 vehicles per week.

Source: Tesla

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