Tesla's 100 million profit is 400 million points?
$Tesla (TSLA.US)$ The financial report for the second quarter was released after the market on July 22. Revenue was 6.04 billion US dollars, which greatly exceeded expectations of 5.4 billion US dollars. GAAP net profit was 104 million US dollars, EPS was 50 cents, far exceeding the expected loss of 1.06 US dollars. In the same period last year, EPS was negative 2.31 US dollars. It can be seen that Tesla's profit situation has greatly improved. As Musk mentioned before, Tesla is very close to becoming a revenue-balanced or even profitable enterprise. This situation has finally been confirmed in this financial report.
Tesla's stock price increased by about 280% this year. His performance became the stock second only to Moderna in the NASDAQ 100. Tesla achieved GAAP profits for 4 consecutive quarters. This will be very helpful for Tesla to be included in the S&P 500 index. Once included, many funds will begin to allocate this stock, which is more conducive to long-term stock price growth. This is also why people pay so much attention to Tesla's profit situation.
The company explained why its financial performance in the last quarter was so impressive. Factory closures due to the pandemic did put a burden on Tesla, but the reduction in personnel and wages also increased profit margins. More importantly, the inclusion of $48 million in deferred revenue from FSD autonomous driving, as well as up to 428 million US dollars in credits, all helped Tesla achieve profit. This is something that many investors have overlooked.
The delivery situation is quite optimistic. 90,650 vehicles were delivered in the second quarter and 88,400 in the first quarter. It is worth noting that the California factory was closed for almost two months from March to May. This greatly affected production and delivery in the second quarter, but delivery in the second quarter exceeded that of the first quarter. This result made the market stand out. At the same time, it also shows that the Shanghai factory strongly supports Tesla's production. Without the Shanghai factory, Tesla is likely to be in trouble this year. The company also said that the model Y production line at the Shanghai factory is also progressing according to plan, and delivery will begin in 2021.
Looking at the whole of 2020, Tesla said it should easily reach the delivery of 500,000 units this year, or even exceed this target, so it also gave investors a lot of confidence.
In terms of autonomous driving, Musk said that Tesla will soon be able to achieve the basic functions of level 5 autonomous driving. Pay attention to the “basic function” here. In fact, Tesla has achieved it one after another in the first half of this year. Why do many technicians have doubts about this? The reason is that the actual situation of Tesla's autonomous driving driving on the road still needs to be greatly improved. As you can see from many videos, the latest version of the autonomous driving package has revolutionized the recognition of traffic lights, but the green light also uses deceleration and low speed passing, making drivers worry about the risk of rear-end cars and affecting traffic. For roadblocks in the middle and on both sides of the road, such as road construction, debris in the middle of the road, stones, animals, roadside parking, etc., the recognition of autonomous driving still needs to be improved.
Looking at the whole of 2020, Tesla said it should easily reach the delivery of 500,000 units this year, or even exceed this target, so it also gave investors a lot of confidence.
In terms of autonomous driving, Musk said that Tesla will soon be able to achieve the basic functions of level 5 autonomous driving. Pay attention to the “basic function” here. In fact, Tesla has achieved it one after another in the first half of this year. Why do many technicians have doubts about this? The reason is that the actual situation of Tesla's autonomous driving driving on the road still needs to be greatly improved. As you can see from many videos, the latest version of the autonomous driving package has revolutionized the recognition of traffic lights, but the green light also uses deceleration and low speed passing, making drivers worry about the risk of rear-end cars and affecting traffic. For roadblocks in the middle and on both sides of the road, such as road construction, debris in the middle of the road, stones, animals, roadside parking, etc., the recognition of autonomous driving still needs to be improved.
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KLaue : FSD actually sold 48 million dollars. The meager profit is significant. I believe Elon Ma![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")