Tesla has released strong earnings, but supply chain problems will continue

OEXN report: After hours in the United States on Wednesday, Tesla announced the fourth quarter of 2021 earnings, according to the data show that the company's revenue increased by 65% year-on-year to $17.72 billion, net profit increased by 760% from the same period last year to $2.321 billion, Tesla's many indicators are better than analysts expected, but energy production and storage revenue fell 8% year-on-year, which is the lowest income of the division since 2021.

This is the second consecutive year of profit since Tesla's listing, and unlike the "selling points" in previous years, with the increase in sales, the proportion of Tesla's main business income from selling cars is also increasing.

Analysts on Wall Street said: "Tesla also said in a statement that supply chain issues affected by the pandemic may continue to limit the company's production capacity, and this situation is likely to continue throughout 2022." ”

Previously, in November last year, Musk also said on social software that the supply chain is a nightmare that is not over, and next time I will provide a new product route map in a conference call.

At the same time, according to data collected by OEXN, in 2021, the total delivery of Tesla electric vehicles will reach more than 930,000, which is lower than analysts' expectations. Tesla also warned that supply chain shortages will also limit and squeeze Tesla, so in 2022, Tesla pointed out that the first priority is to increase production and delivery.

At the same time, in the context of the Fed's interest rate hike, investors have also begun to worry about the outlook for growth stocks, Citi analysts said in an interview with OEXN: "In the current environment, the comments on risk will also play a role, mainly any uncertainty, investors will be frightened." ”

Analysts at OEXN said: "However, Tesla achieved the highest quarterly operating margin in the quarter, which means that electric vehicles may have more market prospects than fuel vehicles, and in 2022, Tesla is also stepping up to increase production supply as soon as possible, believing that the market competitiveness of electric vehicles will also be determined by supply chain and production capacity." ”