Tesla Corporation announced its quarterly business results for the first quarter, including above-expected earnings and revenues.
Tesla recorded net income of $ 438 million during the first quarter, after recording profits of about $ 16 million in the same period in 2020.
Excluding some duplicate items and materials, Tesla reported adjusted earnings of around 93 cents per share in the first quarter, while it was expected to record earnings of 79 cents per share.
With sales of "Tesla" up 74%, the company recorded revenues of about $ 10.38 billion in the first quarter, compared to revenues of $ 5.95 billion a year earlier, while expectations indicated that it would achieve revenues of about $ 10.29 billion.
It should be noted that the company announced in April that it had produced 180.3 thousand cars and delivered 184.8 thousand cars in the first quarter.
In terms of trading, Tesla's share rose by 1.2% to $ 738.2, and the highest price today was at $ 749.3 and the lowest price at $ 732.6.
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