In terms of general performance, I mainly look at two. The increase in total revenue and the gross profit margin of automobiles are good. At least one big one makes sense, such as getting high income by cutting prices. Tesla has performed very poorly on both of these indicators for two consecutive quarters.
Revenue in 2023Q4 was 25.167 billion, yoy 3.49%; gross profit margin of automobiles was 18.85%, and 2022Q4 was 25.92%. The last Q was also poor. Revenue yoy was 8.84%, and the gross profit margin for automobiles was 18.69%.
Looking at car sales volume of 2023Q4 alone, 484.57 million units were delivered. The unit price (reported bicycle revenue) dropped from US$52,500 to US$44,500 in 2022/Q4.
Next, let's take a look directly at the chart statistics:
1. Revenue and profit situation
2023Q4 revenue was $25.167 billion, yoy 3.49%; net profit is one-time. Look at Nongaap's net profit of $2,485 million, YOY -39.48%. Strictly speaking, profit is nongaap - equity incentive = 24.85-4.84 = 2,001 billion US dollars.
2. Business classification
2023Q4 automobile sales (in a narrow sense) 20.63 billion, accounting for 81.97%; car rental 500 million, accounting for 1.99%; power generation and energy storage of 1,438 billion, accounting for 5.71%; service and other revenue of 2.116 billion, accounting for 8.61%; and automobile supervision of 433 million, accounting for 1.72%.
Vehicle revenue in a broad sense, including leasing and car supervision...