Tesla smashes its critics and beats Wall Street expectations in its first-quarter earnings report | tech news

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Elon Musk’s Tesla continues to silence its critics after the electric car giant reported $18.8 billion in the first quarter versus $17.92 billion expected. Tesla beat Wall Street’s expectations in its earnings report. Below are the key numbers.

earnings per share: $3.22 versus $2.26 expected
revenue: $18.76 billion versus $17.80 billion expected

The electronics giant was rewarded for its performance in the first quarter as shares rose more than 5% in after-hours trading. During the quarter, Tesla delivered 310,048 vehicles, the closest approximation to the company’s reported sales. Model 3 and Model Y vehicles accounted for 95% or 295,324 of deliveries for the period ended March 31, 2022.

The latest earnings announcement comes just days after CEO Elon Musk offered $43 billion to buy 100% of Twitter, the social media platform he’s relied on for years to power Tesla and his own promote public image.

Meanwhile, Musk no longer leads or speaks at every Tesla earnings call. He said earlier today that he plans to join the call, which begins at 5:30 p.m. ET.

This is an evolving story; Please check back for updates.


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