Tesla Reported Record Earnings In The First Quarter

Tesla reported record earnings in the first quarter. Tesla, the electric vehicle manufacturer, made a profit of $ 438 million.

US-based electric vehicle manufacturer Tesla announced its earnings report for the first quarter of 2021. According to the announced report, Tesla's revenue in the first quarter of this year increased by 74 percent compared to the same period last year, reaching $ 10.4 billion. Stating that it has achieved the highest vehicle production and delivery ever, the company had a revenue of $ 5.9 billion in the first quarter of last year.

Company's Net Profit Increased by 2638 Percent

The net profit of the company increased by 2638 percent in the first quarter of the year compared to the same period of the previous year and reached 438 million dollars. Tesla's net profit was recorded as $ 16 million in the first quarter of last year. The US electric vehicle giant's profit per share, which was $ 0.23 in the first quarter of last year, was announced as $ 0.93 in the first quarter of this year. Tesla delivered 184,800 vehicles globally in the January-March period.