Tesla’s revenue increased by 74% in the first quarter of this year.
According to the most recent quarterly report, Tesla, which is listed on Wall Street, had adjusted earnings per share of 93 cents in the first quarter and a turnover of $10.39 billion.
In the same period last year, the company had a surplus of 5.99 billion U.S. dollars, and adjusted earnings per share was 23 cents.
Bloomberg previously estimated that analysts had expected its average turnover for the quarter to be 10.42 billion U.S. dollars and adjusted earnings per share of 80 cents.
This year’s turnover increased by 74% compared with the first quarter of last year.
According to the three-month net income of 438 million US dollars, a record high. CNBC.
Tesla shares fell 1.8% in aftermarket transactions on Wall Street.
The share of electric vehicles was one of the biggest winners last year. It increased by more than 700% last year, but since the beginning of the year, its share has only risen.
On Monday, Tesla shares closed at $738.2 per share.
Tesla delivered nearly 185,000 vehicles in the first three months of this year.
In contrast, the company delivered 180,570 vehicles in the fourth quarter of 2020, which is a previous record.
Tesla wrote: “We are encouraged by the strong welcome of the Model Y in China, and it is rapidly growing towards full production.”
The company also believes that the new Model S and Model X are welcome and are in the early stages of increasing production.
Tesla produced 180,338 cars in the first quarter, slightly higher than the previous quarter.