AutoBeta(AutoBeta.net)07/03 Report--

On the evening of July 2, Tesla, an American electric car company, released delivery data for the second quarter of 2021. According to the data, Tesla produced 206421 electric vehicles and delivered 201250 electric vehicles in the second quarter of 2021, both of which set quarterly highs for the company.

It is understood that Tesla currently has four Model 3/Model Y/Model X/Model S models on sale, of which Model 3/Model Y is the main sales model, but also the main source of record sales in the second quarter. Specifically, Model 3/Model Y production volume in the second quarter was 204081 units and delivery volume was 199360 units;Model X/Model S production volume was 2340 units and delivery volume was 1890 units. Tesla shares returned to the $700 mark again after the data was released, but fluctuated all the way through the day, eventually rising 0.14% to close at $678.9 per share.

Tesla did not disclose specific sales in specific markets, but based on past data speculation, Tesla maintains a leading position in the U.S. and China markets, which are also controversial places. In the U.S. market, Tesla has repeatedly raised the price of its Model 3/Model Y models due to rising battery raw material prices and chip shortages. In the Chinese market, Tesla encountered a serious public opinion crisis, rights protection events at the Shanghai Auto Show, frequent Tesla accidents and Tesla product recalls, all brought Tesla a lot of brand impact.

At present, Tesla China has Model 3 and Model Y models on sale, of which Model 3 sells for 2657 - 339,900 yuan and Model Y sells for 3479 - 377,900 yuan. According to the data of the Association, Tesla China wholesale sales in April and May were 25845 and 33463 respectively, of which Model 3 and Model Y domestic retail sales were 15,472 and 18,135 respectively, and export volume was 25,701. From the above data, it is not difficult to draw two conclusions: Tesla Model Y sales in China have gradually surpassed Model 3, becoming Tesla's main model of sales contribution. In addition, Tesla Shanghai factory products will be sold to Europe, Japan and other countries, exports overseas accounted for 43.33% of Tesla's total sales volume, and this proportion is increasing, domestic Tesla exports gradually become Tesla China sales new source. It is worth mentioning that Tesla has launched the Model Y standard battery life model in Hong Kong for HK $329800, which means that the launch time in mainland China is getting closer and closer? Once the Model Y standard battery life version is available, Tesla sales in China may be further stimulated.

Although Tesla recorded record production and delivery in the second quarter, its earnings data may not be ideal. Tesla reported revenue of $10.39 billion in the first quarter, up 74% from $5.985 billion in the same period last year, and net profit attributable to common shareholders of $438 million, up 2638% from $16 million in the same period last year, for seven consecutive quarters. Tesla earned $272 million in revenue from bitcoin sales (net profit of $101 million), with costs accounting for 62.14% of revenue. However, bitcoin prices have adjusted sharply since the second quarter, falling from $58718 on April 1 to $35027 on June 30, and Tesla could lose nearly $100 million if it doesn't sell its bitcoin holdings.

Musk had previously said on the earnings call that Tesla would maintain sales growth of more than 50% in the future, but did not give clear sales guidance. Investors expect Tesla to sell between 800,000 and 900,000 units this year. However, although Tesla's report card in the first half of the year met market expectations, it still faced challenges in the second half of the year, bearing the brunt of chip shortages and rising auto parts prices.

However, according to the analysis of the association, after the improvement of market supply and panic mentality, the contradiction between supply and demand will be alleviated rapidly. It is expected that the chip supply will obviously improve in July, there should be obvious production end reflection in August, and the chip problem should be basically solved with the release of more production capacity in September.

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