Tesla net income and earnings drop more than 20% from last year

  • 📰 CNBC
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Tesla reported earnings after the bell. Here are the results.

Employees of the Tesla Gigafactory Berlin Brandenburg work on the final inspection of the finished Model Y electric vehicles. The Tesla plant was opened and put into operation on March 22, 2022.Shares in electric vehicle makers Tesla dropped 4% after the company reported first-quarter earnings after the bell. Here are the results.85 cents adj. vs 85 cents expected, according to the average analyst estimate compiled by RefinitivNet income came in at $2.

Automotive revenue, Tesla's core segment, reached $19.96 billion in the quarter, up 18% from last year. Total revenue was up 24%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Reducing Tesla margins to capture a larger share of the future EV market has an additional benefit that I haven't heard mentioned.. selling more cars keeps people employed!!

Lebeaucarnews $TSLA most damage is 'free cash flow' down 80% YoY

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines