（Berlin Gigafactory – Model Y Construction）
Financial Data:
- Total revenue was $10.389 billion, an increase of 74% compared to the same period last year. Automotive revenue was $9.002 billion (which includes $518 million revenue from sales of regulatory credits), an increase of 46% compared to the same period last year.
- Automotive gross profit was $2.385 billion, an increase of 82% compared to the same period last year.
- Total gross profit was $2.215 billion, with an overall gross margin of 21.3% and a vehicle gross margin of 26.5%.
- Cash and cash equivalents reached $17.141 billion.
- Operating cash flow minus capital expenditures (free cash flow) was $293 million.
- GAAP operating margin was 5.7%.
（Berlin Gigafactory – Casting Machine）
（Berlin Gigafactory – Die Casting Machine）
Delivery Data:
- Total production of 180,338 vehicles in Q1 2021, with Model S/X production halted due to production line renovation, and Model 3/Y producing 180,338 vehicles.
- Total deliveries of 184,800 vehicles in Q1 2021, with 2,020 Model S/X and 182,780 Model 3/Y.
- Inventory turnover was 8 days, compared to 11 days in the previous quarter and 25 days in the same period last year. It decreased by 27% QoQ and 68% YoY.
（Texas Gigafactory – Model Y Construction）
（Under Construction – Model Y Factory in Texas）
Factory and Production Capacity:
-
California/Texas USA: Fremont factory has successfully increased the production rate and is approaching full production capacity for Model Y. The construction of the Texas factory is progressing as planned, and is expected to start production and delivery in the second half of this year. Tesla has recently started installing and debugging equipment in the factory.
-
Shanghai, China: The Model Y production capacity at the Shanghai Gigafactory is improving steadily. Tesla plans to continuously increase quarterly production throughout the year at the Shanghai Gigafactory. Recently, Tesla has increased its domestic supply procurement ratio to over 90%, and will continue to export vehicles produced by the Shanghai Gigafactory to Europe and Asia Pacific markets as planned.
-
Berlin, Germany: The construction of the Berlin Gigafactory is progressing in an orderly manner and is expected to start production and delivery in the second half of 2021. Tesla has started to introduce equipment for painting, stamping, and casting in the factory. Meanwhile, Tesla will continue to increase its import volume to the European market.
（Interior of the Model Y factory in Texas）
（Interior of the Model Y factory in Texas）
Supercharging and Energy Business:
The number of Superchargers has reached 2,699, with an addition of 135, an increase of 5.3% MoM and 41% YoY. The number of Supercharger stalls is 24,515, with an addition of 1,238, an increase of 5.3% MoM and 44% YoY.
Solar deployment has increased by 92 MW, an increase of 7% MoM and 163% YoY, and the energy storage deployment has increased by 445 MW, a decrease of 71.9% MoM and an increase of 71% YoY.
（Expansion underway at the Shanghai Gigafactory）
(Tesla Semi prototype being tested)
Other focus:
Tesla stated that the team is focused on FSD City Street beta V9, which will be rolled out in the US soon. Tesla believes that full self-driving requires a full vision solution.
🔗Source: Tesla
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.