Tesla Motors today announced the company’s fourth-quarter and full-year financial results for fiscal 2021. After the earnings report, Tesla CEO Elon Musk said on a conference call that Tesla is producing the Model Y with 4680 batteries at the Austin plant and that the first vehicles with 4680 structure battery packs should begin deliveries in the near future, perhaps at the end of the quarter.
Tesla officially announced the 4680 battery cell in September 2021, claiming that the single energy density has been increased by 5 times, the vehicle cruising range has increased by 16%, the power has been increased by 6 times compared with the battery with tabs, and the power output has been increased by 6 times.
Musk also said it is also looking for a new factory location, and Musk said that in the next few years, the average annual growth rate of vehicle deliveries is expected to reach 50%. With sufficient funds to support the company’s product roadmap and long-term capacity expansion plans and other expenses, plans to increase production capacity as soon as possible. In addition, fully autonomous driving will be achieved this year.
The report shows that Tesla Motors’ total revenue in the fourth quarter was 17.719 billion US dollars, an increase of 65% compared with 10.744 billion US dollars in the same period last year; net profit was 2.343 billion US dollars, compared with the same period last year. Net income attributable to common stockholders was $2.321 billion, an increase of 760% compared to $270 million in the same period last year.