The inflation rate of raw material costs, as well as the efficiency reduction caused by the climbing of Berlin Super Factory, Texas Super Factory and 4680 battery production, have all affected Tesla's profit margin. In addition, compared with all other major currencies in the market, the US dollar continues to appreciate.
Automobile production capacity
Tesla is still focused on increasing car production as soon as possible by increasing weekly production in fremont and Shanghai, and increasing production capacity in Berlin and Texas. Although the situation has improved, logistics fluctuation and supply chain bottleneck are still urgent challenges. It is worth noting that the limited battery supply chain will be the main limiting factor for the long-term growth of the electric vehicle market.
In the third quarter, the output of each factory reached a record high. Although there are fewer spare parts supply problems this quarter, the vehicle transportation capacity at the peak of delivery is becoming more and more challenging. For different regional markets, we are gradually turning to a more balanced production and delivery structure.
United States: California and Nevada
Continue to implement the solution to further increase the output of fremont factory. The production speed of Texas Model Y has achieved continuous growth month by month in this quarter. In the third quarter, the total output of 4680 batteries (batteries sent to Chenghua) increased by three times. The first delivery of Tesla electric truck Semi is scheduled to start in February, 2022.
China: Shanghai.
After the slowdown in the second quarter, the production speed of Shanghai super factory in the third quarter exceeded the record of the previous quarter. Shanghai Superfactory remains Tesla's main export center, supplying cars to most markets outside North America.
Europe: Berlin-Brandenburg
Thanks to the strong improvement in production efficiency at the end of the third quarter, the German team produced more than 2,000 Model Y with 265,438+070 batteries in a single week. The factory's capacity climbing progress is in line with expectations.
Battery, power system and manufacturing thereof
In the Texas Super Factory, Tesla Model Y has been produced since the beginning of this year, adopting the die-casting structure of the front and rear parts of the car body to structure the battery pack. Except for Tesla's factories in fremont and Shanghai, no industry has produced castings of this size on a large scale before. Part of the challenge of producing castings with such a large size (thus reducing more than 170 independent parts) comes from the need to inject aluminum into the mold through a single inlet without solidification or deformation in a tenth of the blink of an eye. Before the end of this year, it is planned to use the structural battery pack and the die-casting structure of the front body in the Berlin-Brandenburg Super Factory.
store energy
In the third quarter, the installed capacity of energy storage increased by 62% year-on-year, reaching 2. 1GWh, which is the highest level reached by Tesla so far. Although the challenges of the semiconductor industry still have a greater impact on the energy storage business than the automobile business, Tesla has achieved this level of growth. Consumer demand for energy storage products still exceeds Tesla's supply capacity. In Lesrop, California, Tesla plans to build a Megapack plant with a capacity of 40 GWh, which is increasing its capacity to meet the growing market demand.
Services and others
Service and other business income reached a record high. Super charging revenue has more than tripled compared with last year, and Tesla is also working hard to further accelerate deployment. Affected by the sales of used cars and accessories, the gross profit of services and other businesses in the third quarter also reached a record high. Tesla will continue to change the charges of more super charging stations from fixed prices to floating prices in order to better manage the vehicle flow of our super charging stations.
prospect
Output?
Tesla plans to increase production capacity as soon as possible. In the next few years, the delivery of automobiles is expected to achieve an average annual growth of 50%. The growth rate depends on Tesla's equipment capacity, normal operation time of the factory, operational efficiency and the ability and stability of the supply chain.
Cash flow?
Tesla has sufficient liquidity to support product planning, long-term capacity expansion plans and other expenses.
profit
Tesla will continue to innovate to reduce manufacturing and operating costs. As time goes by, Tesla hopes that with the growth of hardware-related profits, software-related profits will accelerate.
Product?
The climbing speed of Austin and Berlin factories will be affected by the successful introduction of many new products and manufacturing technologies in new production areas and the continuous supply chain challenges. It takes some time for factories to accumulate capacity, as do two factories in Texas and Berlin. Tesla has also made progress in the industrial production of Cybertruck, and currently plans to start production at the Texas factory after the Model Y model climbs. The initial delivery plan of Tesla electric truck Semi will be launched in February 2022.
According to the "New Energy Hot List" data of Easy Car App, Tesla China ranks second among competing products of the same level, with an average daily attention of 160500. For more data, please visit the Easy Car App.