Tesla reported earnings after the bell. Here are the results.
Automotive revenue reached $16.86 billion, up 87% from the same period last year. Automotive gross margins jumped to 32.9% with Tesla reporting gross profit of $5.54 billion in its main segment. Regulatory credits accounted for $679 million of automotive revenue for the quarter.
Revenue growth was driven in part by an increase in the number of cars Tesla delivered, and an increase in average sales prices, the company said in its shareholder deck.of 310,048 for the first quarter, the closest approximation of sales disclosed by the company. Model 3 and Model Y vehicles comprised 95%, or 295,324, of deliveries in the period ending March 31, 2022.
In its energy segment, Tesla's solar deployments dropped by nearly half to 48 MW in the first quarter of 2022 versus the same time last year. The company deployed 846 MWh of lithium ion based battery energy storage systems, up 90% from the same time last year, but down from the previous quarter.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Shanghai’s Covid Lockdown Deals A Blow To Elon Musk’s Tesla Production GoalsGiga Shanghai suspended production operations from March 28 until about April 17, resulting in the loss of up to 50,000 electric vehicles.
Leer más »
PG&E's Tesla Megapack Is Now OperationalPacific Gas and Electric's 182-megawatt Tesla Megapack Elkhorn battery is now in operation. The energy storage system is located
Leer más »
Tesla blames 'turf war' for overlapping investigations into racial bias at its factoryThe company says it is dealing with multiple probes.
Leer más »
Tesla shareholders try to get Elon Musk to just stopElon Musk wants everyone to believe he really did have the money secured to take Tesla private back in 2018. But a group suing him over that claim say he didn’t have it, and that the SEC and a federal judge agree.
Leer más »
Tesla Stock Price and Forecast: TSLA earnings are likely to miss, so watch out$TSLA due to release earnings after the close on Wednesday, Tesla previously announced delivery numbers slightly behind estimates. The Shanghai factory closure is the main worry for investors as Netflix spooks tech traders by ivanbrian9 stocks trading
Leer más »
Options Traders Bet on Big Post-Earnings Gains for TeslaOptions traders are betting Tesla will hit the gas when it’s quarterly results hit the wire as the EV stock continues to be a wildly popular options target.
Leer más »