Tesla Posts Record Earnings at Start of Turbulent Year

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Tesla posted a record quarterly profit of $438 million despite supply disruptions and mounting concerns about the safety of its battery-powered vehicles

, has said it expects that figure to rise more than 50% this year.

Tesla on Monday said first-quarter sales jumped around 74% from the same period a year earlier to $10.4 billion, generating a $438 million in net profit. Wall Street on average expected the company to report sales of about $10.5 billion and net income of around $509 million for the January through March period, according to analysts surveyed by FactSet.

The company’s strong financial start to the year comes as it faces challenges on other fronts. Federal auto-safety officials

 

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Im betting all my Money and My Sons Money on Tesla

If you add in the Cyber Truck's pre orders I'd believe these numbers. On the other hand, those OverPricedHoverBoards have declined in sells among others in its market. BadNews Reports with logic. Compare👇 elonmusk

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