Tesla submitted a 10-K annual report to the U.S. Securities and Exchange Commission (SEC), showing that Tesla’s revenue in the Chinese market in 2021 will reach $13.844 billion, a year-on-year increase of 107.8%.
Tesla’s revenue in the Chinese market in the first three quarters of last year was US$9.015 billion. Based on this calculation, Tesla’s revenue in China in the fourth quarter of last year was US$4.829 billion.
Tesla’s revenue in China has increased significantly, mainly due to the increase in production and deliveries at the Shanghai Gigafactory.
Tesla said it currently expects capital expenditures in 2022 and the next two fiscal years to be between $5 billion and $7 billion. According to statistics from the Passenger Federation, Tesla delivered 484,130 vehicles in China last year, accounting for 51.7% of Tesla’s global deliveries of 936,000 vehicles.
At present, China is Tesla’s largest market outside the United States, accounting for 25.7% of the company’s revenue; the United States is still Tesla’s most important market. In 2021, the company’s revenue from the US market will reach 23.973 billion US dollars, accounting for the company’s total revenue. The income ratio is 44.55%.
In addition, Tesla announced that for the year ending December 31, 2021, an impairment loss of approximately $101 million was accrued due to changes in the company’s bitcoin book value. As of December 31, 2021, the fair market value of Bitcoin held by Tesla was $1.99 billion.
Judging from the data released since then, Tesla’s full-year 2021:
- Tesla produced a total of 930,422 vehicles and delivered 936,172 vehicles.
- 24,390 Model S and Model X models were produced and 24,964 were delivered;
- Model 3 and Model Y production was 906,032 with deliveries of 911,208.
