The financial results of the electric car manufacturer (Tesla) showed that the company achieved a net profit of $3.3 billion in the first quarter of this year, compared to $438 million for the same period. From 2021, a significant increase of 653.4%.
The adjusted earnings per share at the end of the period amounted to about $3.22, which came better than expectations that had indicated a record of $2.26 per share.
The company recorded revenues of $18.76 billion in the first quarter of this year, compared to $10.3 billion in the comparable period in 2021, exceeding estimates of $17.80 billion.
The pace of production in Austin and Berlin will be affected by the successful introduction of many new products and manufacturing technologies at new locations, as well as ongoing supply chain challenges," the company said in a letter to investors.
Profits and revenues, which exceeded analysts' expectations, contributed to the rise of Tesla's stock in post-session trading by 4%, after it ended the Wednesday session down 5% at The level is $977.2.
