<p>电动汽车领导者特斯拉（TSLA -1.98%）于 10 月 23 日发布了 2024 年第三季度报告，突显了成功和挑战并存的情况。报告显示，总收入增长了 8%，达到 252 亿美元，其中能源发电和储存业务实现了显著增长。然而，由于竞争激烈的市场动态和外部成本压力，利润率较低。营业利润大幅增长至 27 亿美元，反映出 10.8% 的营业利润率，较去年同期提高了 323 个基点。总体而言，特斯拉表现出韧性，利用其多元化的业务板块实现了收入增长，应对持续存在的市场挑战。</p>
<p>特斯拉作为电动汽车的开拓者，专注于其核心平台的创新：电动汽车制造、能源解决方案、人工智能和自动驾驶技术。公司的垂直一体化模式使其能够在保持成本控制和效率的同时推动车辆和能源技术的进步。特斯拉一直在不断完善其自动驾驶软件并扩大其能源部门，这两者被视为推动其增长的关键。</p>
<p>最近，特斯拉集中精力扩展其汽车和能源产品。这些重点领域对于实现其加速全球可持续能源转变的使命至关重要。生产能力的提升支持了产品线的扩展，尽管高昂的材料成本和竞争性定价策略给利润率带来了压力。</p>
<h2>季度财务和运营亮点</h2>
<p>在第三季度，特斯拉的收入同比增长了 8%，反映了在多个领域扩大业务的努力。能源发电和储存业务的收入激增 52%，主要受到 Powerwall 和 Megapack 销售的增长推动。这种增长补充了汽车收入的 2% 增长。因此，总毛利润增长了 20%，达到近 50 亿美元，受益于按照美国通用会计准则计算的毛利率上升了 195 个基点，达到 19.8%。</p>
<p>特斯拉的运营实力体现在营业利润增长了 29%，达到 27 亿美元，营业利润率增长了 323 个基点，达到 10.8%。关键驱动因素包括其高效的上海生产设施中每辆车的销售成本下降。与此同时，汽车毛利率受到竞争性定价和不断上升的材料成本的压力，这标志着特斯拉在应对快速变化的行业格局时面临的紧张局势。</p>
<p>能源业务仍然是特斯拉的明星业务，毛利率创下 30.5% 的纪录。特斯拉取得了重要的生产里程碑，特别是在其拉斯罗普超级工厂每周生产 200 个 Megapack。这些里程碑符合特斯拉通过多元化增长方式来加强其市场存在感的战略，这种增长方式能够支持公司的基本目标——推动世界向可再生能源转变。</p>
<p>在车辆生产和创新方面，特斯拉报告称，Model 3 和 Model Y 的交付同比增长了 6%。Cybertruck 的生产实现了环比增长，并且该车型实现了首个盈利季度。公司继续加强其电动汽车基础设施，将其超级充电网络的覆盖范围同比扩大了 20%，进一步支持客户的采用和满意度。</p>
<p>尽管取得了这些成就，特斯拉面临着挑战。由于激进的定价策略和不断上升的原材料成本，汽车毛利率承受着压力。对特斯拉全自动驾驶（FSD）软件安全性的监管调查仍然是一个问题。特斯拉也承认消费者情绪和受更广泛经济趋势影响的资本成本考虑的影响。</p>
<h2>未来展望：预期和策略</h2>
<p>特斯拉预计在今年余下时间内车辆交付量将稳步增长，并预计 2024 年能源存储部署量将翻番。公司的战略重点在于通过推出计划于 2025 年发布的新车型来增强成本效益增长。此外，特斯拉继续投资于人工智能和自动驾驶技术，这是其路线图中至关重要的组成部分，承诺提供增强功能和潜在新收入来源。</p>
<p>特斯拉深化市场渗透的努力将包括重点放在推出新的经济实惠车型上。投资者将希望密切关注公司在保持增长轨迹的同时如何应对成本压力，以及其在能源和汽车领域的增长。</p>

特斯拉

<p>特斯拉 2024 年第三季度报告显示，营收增长 8%，达到 242 亿美元，主要受到能源发电和储存增长的推动。营业收入增长 29%，达到 27 亿美元，营业利润率为 10.8%。尽管面临利润率紧张和监管审查等挑战，特斯拉的能源业务表现强劲，实现了 30.5% 的毛利率。公司旨在实现稳定的车辆交付增长，并计划在 2024 年将能源存储部署量翻倍，专注于成本效益增长和在 2025 年推出新车型</p>

<p>Electric vehicle leader <strong>Tesla</strong>(TSLA -1.98%) released a third-quarter 2024 report on Oct. 23 that highlighted both successes and challenges. The report revealed an 8% increase in total revenue to $25.2 billion, with notable growth in its energy generation and storage businesses. However, tight margins due to competitive market dynamics and external cost pressures were apparent. Operating income rose significantly to $2.7 billion, reflected in a 10.8% operating margin, an improvement of 323 basis points. Overall, Tesla demonstrated resilience, leveraging its diversified business segments for revenue growth amidst ongoing market challenges.</p>
<table>
<thead>
<tr>
<th>Metric</th>
<th>Q3 2024</th>
<th>Q3 2023</th>
<th>% Change YoY</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total revenue</td>
<td>$25.2 billion</td>
<td>$23.3 billion</td>
<td>8%</td>
</tr>
<tr>
<td>Operating income</td>
<td>$2.7 billion</td>
<td>$1.8 billion</td>
<td>54%</td>
</tr>
<tr>
<td>Operating margin</td>
<td>10.8%</td>
<td>7.6%</td>
<td>323 basis points</td>
</tr>
<tr>
<td>Non-GAAP net income</td>
<td>$2.5 billion</td>
<td>$2.3 billion</td>
<td>8%</td>
</tr>
</tbody>
</table>
<div class="lb-trans"><p>电动汽车领导者特斯拉（TSLA -1.98%）于 10 月 23 日发布了 2024 年第三季度报告，突显了成功和挑战并存的情况。报告显示，总收入增长了 8%，达到 252 亿美元，其中能源发电和储存业务实现了显著增长。然而，由于竞争激烈的市场动态和外部成本压力，利润率较低。营业利润大幅增长至 27 亿美元，反映出 10.8% 的营业利润率，较去年同期提高了 323 个基点。总体而言，特斯拉表现出韧性，利用其多元化的业务板块实现了收入增长，应对持续存在的市场挑战。</p>
</div><p>Tesla, a trailblazer in electric vehicles, focuses on innovation across its core platforms: EV manufacturing, energy solutions, AI, and self-driving technology. The company's vertically integrated model enables it to maintain cost control and efficiency while fostering advancements in vehicle and energy technology. It has been persistently honing its self-driving software and expanding its energy division, both of which are viewed as key to amplifying its growth.</p>
<div class="lb-trans"><p>特斯拉作为电动汽车的开拓者，专注于其核心平台的创新：电动汽车制造、能源解决方案、人工智能和自动驾驶技术。公司的垂直一体化模式使其能够在保持成本控制和效率的同时推动车辆和能源技术的进步。特斯拉一直在不断完善其自动驾驶软件并扩大其能源部门，这两者被视为推动其增长的关键。</p>
</div><p>Recently, Tesla has concentrated its efforts on extending both its automotive and energy offerings. These focus areas are critical in realizing its mission of accelerating the global shift to sustainable energy. Production capacity enhancements have supported this broadened product lineup, although high material costs and competitive pricing strategies have put pressure on margins.</p>
<div class="lb-trans"><p>最近，特斯拉集中精力扩展其汽车和能源产品。这些重点领域对于实现其加速全球可持续能源转变的使命至关重要。生产能力的提升支持了产品线的扩展，尽管高昂的材料成本和竞争性定价策略给利润率带来了压力。</p>
</div><h2>Financial and Operational Highlights from the Quarter</h2>
<div class="lb-trans"><h2>季度财务和运营亮点</h2>
</div><p>In Q3, Tesla's revenue rose 8% year over year, a reflection of expanding operations across multiple sectors. Revenues from its energy generation and storage segment surged by 52%, driven by growing Powerwall and Megapack sales. This growth complemented the 2% rise in automotive revenues. As a result, total gross profit increased by 20% to nearly $5 billion, benefiting from a GAAP gross margin that rose by 195 basis points to 19.8%.</p>
<div class="lb-trans"><p>在第三季度，特斯拉的收入同比增长了 8%，反映了在多个领域扩大业务的努力。能源发电和储存业务的收入激增 52%，主要受到 Powerwall 和 Megapack 销售的增长推动。这种增长补充了汽车收入的 2% 增长。因此，总毛利润增长了 20%，达到近 50 亿美元，受益于按照美国通用会计准则计算的毛利率上升了 195 个基点，达到 19.8%。</p>
</div><p>Tesla's operational strengths were highlighted by a 29% increase in operating income to $2.7 billion, underpinned by a 323 basis point surge in operating margins to 10.8%. Key drivers included a decline in the per-vehicle cost of goods sold at its efficient Shanghai production facility. Meanwhile, automotive gross margins were pressured by competitive pricing and rising material costs, marking areas of tension as Tesla navigates a rapidly evolving industry landscape.</p>
<div class="lb-trans"><p>特斯拉的运营实力体现在营业利润增长了 29%，达到 27 亿美元，营业利润率增长了 323 个基点，达到 10.8%。关键驱动因素包括其高效的上海生产设施中每辆车的销售成本下降。与此同时，汽车毛利率受到竞争性定价和不断上升的材料成本的压力，这标志着特斯拉在应对快速变化的行业格局时面临的紧张局势。</p>
</div><p>The energy business remains a star performer for Tesla with a record gross margin of 30.5%. Tesla achieved significant production milestones, notably a weekly output of 200 Megapacks at its Lathrop Megafactory. The milestones align with Tesla's strategy of reinforcing its market presence through diversified growth vehicles capable of supporting the company's foundational goal — transitioning the world to renewable energy.</p>
<div class="lb-trans"><p>能源业务仍然是特斯拉的明星业务，毛利率创下 30.5% 的纪录。特斯拉取得了重要的生产里程碑，特别是在其拉斯罗普超级工厂每周生产 200 个 Megapack。这些里程碑符合特斯拉通过多元化增长方式来加强其市场存在感的战略，这种增长方式能够支持公司的基本目标——推动世界向可再生能源转变。</p>
</div><p>In terms of vehicle production and innovation, Tesla reported a 6% year-over-year increase in Model 3 and Model Y deliveries. Cybertruck production rose sequentially and the vehicle had its first profitable quarter. The company continued to strengthen its electric vehicle infrastructure, expanding its Supercharger network by 20% year over year, further supporting customer adoption and satisfaction.</p>
<div class="lb-trans"><p>在车辆生产和创新方面，特斯拉报告称，Model 3 和 Model Y 的交付同比增长了 6%。Cybertruck 的生产实现了环比增长，并且该车型实现了首个盈利季度。公司继续加强其电动汽车基础设施，将其超级充电网络的覆盖范围同比扩大了 20%，进一步支持客户的采用和满意度。</p>
</div><p>Despite those achievements, Tesla faces challenges. Automotive gross margins are under pressure due to aggressive pricing tactics and rising input costs. Regulatory probes into the safety of Tesla's Full Self-Driving (FSD) software remain a concern. Tesla also acknowledges the impact of consumer sentiment and capital cost considerations influenced by broader economic trends.</p>
<div class="lb-trans"><p>尽管取得了这些成就，特斯拉面临着挑战。由于激进的定价策略和不断上升的原材料成本，汽车毛利率承受着压力。对特斯拉全自动驾驶（FSD）软件安全性的监管调查仍然是一个问题。特斯拉也承认消费者情绪和受更广泛经济趋势影响的资本成本考虑的影响。</p>
</div><h2>Future Outlook: Expectations and Strategies</h2>
<div class="lb-trans"><h2>未来展望：预期和策略</h2>
</div><p>Tesla projects steady growth in vehicle deliveries throughout the remainder of the year, and expects energy storage deployments to more than double year over year in 2024. The company's strategic focus centers on enhancing cost-effective growth through the introduction of new vehicle models planned for release in 2025. Moreover, Tesla continues to invest in AI and self-driving technology, vital components of its roadmap that promise enhanced capabilities and potential new revenue streams.</p>
<div class="lb-trans"><p>特斯拉预计在今年余下时间内车辆交付量将稳步增长，并预计 2024 年能源存储部署量将翻番。公司的战略重点在于通过推出计划于 2025 年发布的新车型来增强成本效益增长。此外，特斯拉继续投资于人工智能和自动驾驶技术，这是其路线图中至关重要的组成部分，承诺提供增强功能和潜在新收入来源。</p>
</div><p>Tesla's efforts to deepen its market penetration will include an emphasis on new, affordable vehicle models. Investors will want to keep abreast of the company's ability to manage cost pressures while maintaining growth trajectories in both its energy and automotive segments.</p>
<div class="lb-trans"><p>特斯拉深化市场渗透的努力将包括重点放在推出新的经济实惠车型上。投资者将希望密切关注公司在保持增长轨迹的同时如何应对成本压力，以及其在能源和汽车领域的增长。</p>
</div>

Tesla Earnings Surged Despite Headwinds

- 特斯拉发布 2024 年第三季度财报，收入增长 8% 至 XX 亿美元。  
- 能源业务表现突出，毛利率达 30.5%，但汽车毛利受竞争压力影响。  
- 公司预计 2024 年能源存储部署将翻倍，持续关注新车型发布。  

尽管面临阻力，特斯拉的盈利仍然大幅增长