High hopes for the energy business!Tesla (TSLA.us) aims to achieve 30% gross margin in its overcharge business

2022-07-19 0 By

On April 3, local time, Ross Gerber, a well-known Tesla investor, asked Elon Musk, CEO of Tesla (TSLA.us), on Twitter, “Does Tesla achieve a 50% gross margin on energy costs, and does it run across the entire network, or does it vary by location?”Musk responded that Tesla’s goal for the supercharger business is to achieve a 30 percent gross margin or 10 percent margin, including all costs.It’s worth noting that Tesla’s automotive business had a total gross margin of 27% last year and 21% in 2020.The company doesn’t disclose a breakdown of profit margins by segment.In addition, Tesla currently owns and operates more than 30,000 superchargers in more than 2,564 locations around the world, including more than 8,000 superchargers in China.The company has been expanding its supercharging network amid increasing competition.Tesla announced its production and delivery numbers for the first quarter of 2022 on Saturday, Zhitong Caijing APP learned.Tesla delivered a record 310,048 vehicles in the first quarter, beating market expectations of 309,158, and produced 305,407 vehicles in the quarter, according to data showing a nearly 70% year-over-year increase in production and deliveries.Tesla also announced it will release its first-quarter earnings on April 20 after the market closes.Tesla shares were up more than 1% at $1,095.70 in premarket trading.This article is from Zhitong Financial network