Tesla Reports Strong Earnings With Record Quarterly Deliveries
Tesla reported a solid quarter with net income of $1.6bn, up 4.9x YoY and total revenues of $13.8bn, up 57% YoY. Tesla also reported record operating margins of 14.6% saying that they “continue to reduce cost at a higher rate than declines in ASP (Average...
Tesla’s Quarterly Profits Hit Record $1.1bn
Tesla reported net income of $1.14bn, compared to $104mn in the same period last year. Net profits surpassed $1bn for the first time. Revenues came in at $10.2bn, of which 3.5%, or $354mn came from sale of regulatory credits, the lowest number of credits than in any...
Stellantis Backs Out of Buying Carbon Credits Worth 100xMillions from Tesla
Fiat owner Stellantis announced that it will no longer be buying emission credits from Tesla, which could impact the Elon Musk led carmaker’s future earnings. Tesla earned $518mn from the sale of these credits in Q1 that translated into net profits of $438mn....
