Tesla's first-quarter net profit is $477 million, a 17% increase year-over-year.

robot
Abstract generation in progress

Golden Finance reports that on April 23, Tesla’s first-quarter revenue was $22.39 billion, a year-over-year increase of 16%, compared to an estimated $21.19 billion; net profit for the first quarter was $477 million, up 17% year-over-year; gross margin for the first quarter was 21.1%, compared to 16.3% in the same period last year, with an estimate of 17.7%; adjusted earnings per share for the first quarter were $0.41, compared to $0.27 in the same period last year, with an estimate of $0.34. The company stated that after the production of the autonomous driving ride-hailing vehicle Cybercab, it is expected to gradually replace the existing Model Y fleet, and in the long run, it will become Tesla’s highest-volume vehicle.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin