Enterprise financial report

In 2020, Tesla’s profit will reach US $721 million, making its first annual profit From Tesla

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The following is the In 2020, Tesla’s profit will reach US $721 million, making its first annual profit From Tesla recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report.

Tesla made its first annual profit with record sales in 2020, according to financial data released on Wednesday. In the fourth quarter, for example, the company had a revenue of $10.7 billion and a profit of $270 million. By the end of 2020, Tesla will have a total revenue of $31.5 billion and a profit of $721 million.

Interestingly, Tesla also released $401 million in clean energy credits in the fourth quarter of 2020 in order to make the results better.

It is reported that traditional car manufacturers need to purchase points to meet the requirements of the US and European governments. As a pure tram company, Tesla has been able to earn hundreds of millions of dollars by selling points every quarter in the past year and a half.

To get back to business, Tesla sold 180667 electric vehicles in the fourth quarter, including 161701 bakuo, model 3 and model y models.

By the end of 2020, the company has delivered a total of 499647 vehicles, slightly higher than earlier this month’s estimate, but still below this year’s target of 500000.

Tesla’s quarterly revenue through 2020

Of course, we must also take into account the serious impact of the covid-19 pandemic on factory production, assembly line staff, and the entire automotive industry chain. In particular, factories in California and Shanghai have experienced a long period of downtime.

Although Tesla did not explicitly mention the delivery target in 2021 in its speech, it revealed that the annual capacity of the Fremont / Shanghai plant in California is 1.05 million vehicles. It is expected that by the end of 2021, the Berlin / Austin, Texas plant, which is still under construction in Germany, will also be added.

It is worth mentioning that in addition to model 3, which has been on the market for a long time, model y has also made a great contribution to Tesla’s 2020 financial report, and China’s factories and markets have achieved great success.

Tesla’s net profit / loss to 2020

For a car company, the ability of sustainable profitability is a very important consideration index. Judging from Tesla’s recent performance, its position in the industry may be difficult to be shaken by competitors.

Finally, while most of its revenue comes from electric vehicles, Tesla does not see itself as a mere car manufacturer. The company said on Wednesday that sales of its energy storage products also saw a 200% year-on-year growth.

Although the sales growth rate of photovoltaic products was slightly lower, it also increased by 59% year on year. Tesla is expected to become a new leader in the photovoltaic energy storage industry, musk said on an investor conference call.

Tesla financial report: 2016 Q1 Tesla global delivery volume reached 15000 vehicles, a new record Tesla financial report: 2019 Q1 Tesla net loss of $710 million, narrowed 1% year on year Tesla financial report: 2020 Q2 Tesla net profit of $104 million, year on year turn loss Tesla financial report: 2014 Q3 Tesla loss of $75 million Year on year expansion of 97% Tesla financial report: 2015 Q2 Tesla net loss of $184 million year on year expansion of 197% Tesla financial report: 2015 Q1 Tesla net loss of $154 million year on year expansion of Tesla financial report: 2015 Q3 Tesla net loss of $230 million year on year expansion of Tesla financial report: 2016 Q2 Tesla net loss of $293 million year on year Tesla financial report: Q3 Tesla lost $619.4 million in 2017, larger than analysts’ expectation Tesla financial report: Q3 Tesla’s net profit in 2016 was $22 million, year-on-year turnaround Tesla financial report: Q3 Tesla’s delivery volume in 2016 increased by more than 70% on a month on month basis Tesla financial report: Q2 Tesla’s shipment volume in 2016 was 14370 Lower than expected Tesla financial report: 2014 Q1 Tesla net loss of $49.8 million, 2016 Tesla’s revenue in China exceeded $1 billion, accounting for more than 15%

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