For the full year of 2022, Tesla achieved revenue of US$81.462 billion, a year-on-year increase of 51%; net profit of US$12.556 billion (approximately RMB 85 billion), an increase of 128% year-on-year. During this period, Tesla produced a total of 1,369,600 vehicles worldwide and delivered 1,313,900 vehicles. Asked about the competition Tesla faces, Musk responded that he respects Chinese auto companies, calling China the most competitive market in the world. Musk said, “They work the hardest and the smartest, so we guess that some companies from China are most likely to be second only to Tesla.” Reuters reported that Musk did not name any Chinese manufacturers. Reuters also concluded that Musk’s words mean that in the field of electric vehicles, Chinese companies are most likely to become the world’s second.
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After continuous diving and price cuts, Tesla’s new quarterly financial report looks very decent. Although it is not surprising that the profit margin has dropped, but in today’s rising raw material prices and fierce competition in the new energy market, this is also true. Inevitably. China is the largest market in the global new energy vehicle industry. Perhaps it is the fierce market competition that makes Musk praise Chinese competitors: “They work the hardest and the smartest.” But Musk should also know in his heart that Tesla’s biggest competitors in the future must be these Chinese counterparts.
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