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Tesla’s net profit increased 389% in the third quarter

Washington, Oct 20 (EFE) .- Tesla’s net profits increased 389% in the third quarter of the year to 1,618 million dollars, which places the figure in the first nine months of 2021 at 3,198 million dollars, reported this Wednesday the electric vehicle manufacturer.

The company had a record third-quarter revenue of $ 13,757 million, despite the semiconductor crisis that affects the rest of the world’s car manufacturers and has caused their production and profits to fall.

Tesla attributed the increase in revenue to more vehicle deliveries, as well as “growth in other parts of the business.”

In the third quarter, the company generated $ 894 million from its energy generation and storage business. So far this year, this concept has earned Tesla $ 2.738 million in revenue.

The revenue increase also came despite the fact that the average vehicle sales price fell 6% in the third quarter due to the “reduction of the mix of the Model S and Model X” due to the renewal of the models.

In the third quarter, Tesla produced 8,941 units of the Model S and X, and 228,882 of the Model 3 and Y. In total, the company produced 237,882 vehicles, 64% more than in the third quarter of 2020.

Deliveries were 73% higher than a year ago: 9,275 units of the Model S and X and 232,025 of the Model 3 and Y.

Tesla noted that its adjusted gross operating profit (EBITDA) was $ 3,203 million in the third quarter, 77% more than a year ago.

The company achieved an operating margin of 14.6%, which exceeds the medium-term guide that Tesla itself had established.

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