“Tesla posts record net income of $438 million, revenue surges by 74%”
April 27, 2021
“Tesla reported first-quarter results after the bell on Monday. The company beat expectations handily, buoyed by sales of bitcoin and regulatory credits, but the stock dipped as much as 3% after hours as investors digested the numbers.
Here’s how the company fared in the quarter, compared with analyst estimates compiled by Refinitiv:
- Earnings: 93 cents per share vs. 79 cents per share expected
- Revenue: $10.39 billion vs. $10.29 billion expected, up 74% from a year ago
Net profit reached a quarterly record of $438 million on a GAAP basis, and the company recorded $518 million in revenue from sales of regulatory credits during the period. It also recorded a $101 million positive impact from sales of bitcoin during the quarter…”
https://www.cnbc.com/2021/04/26/tesla-tsla-earnings-q1-2021-.html