Musk: Tesla's goal of overcharging the network is to achieve a 30% gross profit margin.

Tesla CEO Elon Musk said on Sunday local time that Tesla's goal for the super-charging pile business was to achieve a gross profit margin of 30 per cent or a profit margin of 10 per cent, including all costs.

Ross Gerber, a well-known Tesla investor, asked Musk on Twitter about the profitability of the super charging pile business, and the latter made the above reply.

According to data previously released by Tesla, the company's gross profit margin in its car business was 27% last year, compared with 21% in 2020. However, Tesla did not disclose the breakdown of the relevant profit margins.

With the increasingly fierce competition in the field of electric vehicles, Tesla has been expanding the business of super charging piles. Tesla currently operates more than 30, 000 super charging piles in more than 2500 locations around the world, of which the Chinese market alone has more than 8000 Tesla charging piles.

Tesla is developing the overcharging network at an alarming rate. At the end of 2020, the number of super-charging piles in the company was about 23277, which is growing at an annual growth rate of more than 30 per cent, but it lags behind the delivery speed of Tesla cars. Tesla car delivery increased by 87% in the same period.

The growth rate of Tesla's super-charging pile business also lags behind its own goal of tripling the super-charging pile network within two years. Tesla plans to gradually open its charging network to users of other brands of electric cars, which is expected to become a new source of revenue for the company.

Tesla announced its car production and delivery in the first quarter of 2022 last Saturday. Data show that Tesla delivered a record 310048 cars in the first quarter, higher than the market expectation of 309158, and produced 305407 cars in that quarter. Tesla also announced that he would release first-quarter results after the close of U. S. stocks on April 20, Eastern time.