Tesla announces second quarter 2022 financial results, sells 75% of Bitcoin holdings
Tesla has announced its financial results for the second quarter of 2022 (April-June). During the period, Tesla also announced that it delivered 254,695 vehicles while selling 75% of its cryptocurrency Bitcoin.
2022 Q2 Tesla Quarterly Update
(PDF file)
Tesla's run of record quarterly deliveries comes to an end thanks to China's COVID shutdowns --The Verge
https://www.theverge.com/2022/7/2/23190004/tesla-record-quarterly-deliveries-end-china-covid-shutdowns
Tesla Q2 2022 report shows crypto sell-off, decrease in profits --The Verge
https://www.theverge.com/2022/7/20/23271834/tesla-q2-2022-earnings-elon-musk
Tesla has recorded record vehicle deliveries over the past two years, with deliveries in the second quarter of 2022 down approximately 18% quarter-on-quarter to 254,695 units. On a quarterly basis, it recorded a decline in vehicle deliveries for the first time in more than two years, and overseas media The Verge points out that 'Tesla's record growth in vehicle deliveries over about two years is finally over.' ..
The graph below shows the breakdown of vehicles delivered by Tesla quarterly, with pink for Model S / X and maroon for Model 3 / Y. In the second quarter of 2022, Tesla delivered 238,533 Model S / X and 16,162 Model 3 / Y. The reason why the number of vehicles delivered was sluggish in the second quarter of 2022 is that 'the pandemic of the new coronavirus has forced the Shanghai automobile factory to shut down for a long time.'
Tesla's Giga Factory in Shanghai was forced to close due to a pandemic of the new coronavirus, and vehicle production during the same period also recorded 258,580 units, down about 15% from the previous quarter. Did.
Tesla opened Europe's first automobile factory in Berlin, Germany, and operates its own factory, Giga Factory, in Texas, USA. So when the Shanghai Giga Factory was closed, Tesla explained, 'We continued to increase production at the Giga Factory in Berlin and Texas.' However, Tesla's Elon Musk emphasized the downside of closing the Shanghai factory, saying, 'The factory has lost billions of dollars due to supply chain constraints.'
Tesla generated $ 2.26 billion in electric vehicle and solar manufacturing in the second quarter of 2022, with total sales of $ 16.9 billion in the same period. It has reached 100 million yen). However, total sales in the first quarter of 2022 were $ 18.7 billion.
In addition, Tesla has announced that it has sold 75% of its Bitcoin to investors for $ 936 million in cash. Tesla announced that it will invest $ 1.5 billion in Bitcoin in 2021 to allow Bitcoin to be used for payments in Tesla. However, Tesla is no longer supporting Bitcoin just 49 days after supporting Bitcoin payments .
Mr. Musk told investors about the sale of Bitcoin, 'It should not be regarded as any verdict against Bitcoin. Considering the closure of the factory due to the pandemic of the new coronavirus in China, we are concerned about the liquidity of the entire company. I decided to sell it because I held it. '
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