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

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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%.

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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

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