Home » Tesla: first quarter earnings and turnover to new records, tear analysts’ estimates. Stock + 6% on Wall Street

Tesla: first quarter earnings and turnover to new records, tear analysts’ estimates. Stock + 6% on Wall Street

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Tesla: first quarter earnings and turnover to new records, tear analysts’ estimates.  Stock + 6% on Wall Street
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For Tesla, the first quarter of 2022 was a record quarter, in terms of both revenue and earnings. The giant electric car maker founded and run by Elon Musk has shattered Wall Street estimates, while continuing to contend with the problems of supply chains. The EV giant said it had reported earnings of $ 3.2 billion, or $ 2.86 per share, in the first three months of 2022, compared to earnings of $ 438 million, or 39 cents per share, for the same period of the year. 2021. On an adjusted basis, eps came in at $ 3.22 per share, much better than the consensus estimate of $ 2.26 per share. Revenue jumped 81% to $ 18.6 billion, up from $ 10.39 billion in the first quarter of last year, thanks to higher car prices and sales growth. The turnover also beat expectations, which were worth € 17.80 billion. Earlier this month, Tesla announced it had delivered 310,048 vehicles in the third quarter, with Model 3 and Model Y deliveries accounting for 95 percent of the total, or 295,324 units. Tesla stock reacted with a jump of up to + 6% in afterhours trading on Wall Street.

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