Tesla Revenue Report Exceeded Estimates

Tesla revenue report exceeded estimates. The company released its first quarter data on Wednesday.

US electric vehicle manufacturer Tesla stated in its first quarter income report released on Wednesday that its revenue was above analysts' forecasts and the forecasts were low. Tesla stated that with a revenue of $ 0.81 per share, its total revenue was $ 10.15B, while in Investing.com surveys, analysts estimated the company to generate $ 0.7095 per share and a total revenue of $ 10.21B. Tesla shares lost 4 percent in 2021. The Nasdaq index, where Tesla shares are traded, gained 7 percent.

Tesla Tracks Other Big Revenue Reports

On March 18, Nike announced total revenue of $ 10.36B, with revenue of $ 0.9 per share in the third quarter. Analysts had hoped that with a revenue of $ 0.7635 per share, total revenue would be $ 11.01B. On March 16, Volkswagen 10 Pref ADR's revenues were in line with analyst estimates, with revenue of $ 1.65 per share in the first quarter, with a total revenue of $ 80.17B. Investing.com analysts had predicted that it would generate a total revenue of $ 80.17B, with a revenue of $ 1.65 per share.     Source: Investing.com