Tesla: revenue from the Chinese market reached US $5.131 billion in the third quarter of 2022, an increase of 64.8% over the same period last year.
CTOnews.com, October 24 (Xinhua)-- Tesla's revenue in the Chinese market in the third quarter of this year was $5.131 billion (about 37.302 billion yuan), up 64.8 percent from a year earlier, according to Tesla's FORM 10Muq filing with the U.S. Securities and Exchange Commission (SEC) today.
Tesla's total revenue in the third quarter was $21.454 billion, up 56 per cent from $13.757 billion a year earlier, according to the documents. Of this total, revenue in the United States was $10.236 billion, compared with $6.414 billion in the same period last year.
As the second-largest market, Tesla's revenue in China was $5.131 billion, up 64.8 per cent from $3.113 billion a year earlier. In the first nine months of this year, Tesla's revenue in the Chinese market was $13.568 billion, compared with $9.015 billion in the same period last year.
CTOnews.com learned that the documents also showed that Tesla did not sell any of his bitcoins in the third quarter, nor did he buy any additional bitcoins. The value of its digital assets remained at $218 million at the end of the third quarter, the same as at the end of the second quarter, as the price of Bitcoin remained at just under $20000 at the end of the second and third quarters.
In the first half of 2021, Tesla bought $1.5 billion worth of bitcoin. As of the first half of this year, Tesla had converted about 75 per cent of the bitcoin into legal tender.
Tesla points out that he is still focused on increasing car production as soon as possible by increasing weekly production in Fremont and Shanghai, as well as capacity climbing in Berlin and Texas. Although the situation has improved, logistics fluctuations and supply chain bottlenecks remain pressing challenges. "We still believe that battery supply chain constraints will be the main constraints to the medium-and long-term growth of the electric vehicle market. despite these challenges, we still hope to complete the delivery of each vehicle while maintaining strong operating margins."
