Tesla expects capital expenditures to exceed $9 billion this year

News from this site on October 23, according to Tesla’s FORM 10-Q filing submitted to the U.S. Securities and Exchange Commission (SEC), in the nine months ended September 30, 2023, the company’s capital expenditures were 6.59 billion. US dollars, an increase of US$1.29 billion compared with the same period last year.

Tesla said that it currently expects capital expenditures in 2023 to exceed US$9 billion (note on this site: currently about 65.88 billion yuan), and that capital expenditures in the subsequent two fiscal years will be between US$7 billion and US$9 billion. (currently about 51.24 to 65.88 billion yuan).

#According to Tesla’s latest financial report, Tesla’s revenue in the third quarter of 2023 was US$23.4 billion, which is higher than the same period last year. Revenue of US$21.4 billion increased slightly (a year-on-year increase of 9%), but net profit fell sharply, from nearly US$3.3 billion in the same period last year to US$1.9 billion, a year-on-year decrease of 44%.

Tesla’s total vehicle production in the third quarter was 430,488 units, an increase of 18% from 365,923 units in the same period last year; of which, Model S/X production was 13,688 units, a decrease of 31% from 19,935 units in the same period last year. ; Model 3/Y production was 416,800 units, an increase of 20% from 345,988 units in the same period last year.

Tesla’s total vehicle delivery volume in the third quarter was 435,059 vehicles, an increase of 27% from 343,830 vehicles in the same period last year; of which, Model S/X delivery volume was 15,985 vehicles, an increase from 18,672 vehicles in the same period last year A decrease of 14%; Model 3/Y delivery volume was 419,074 units, an increase of 29% from 325,158 units in the same period last year.

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