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Thursday, 21 April 2022

Tesla 1Q earnings 7 times more than year ago on strong sales

Tesla reported another banner quarter of profit growth Wednesday as the rapid expansion of electric vehicle (EV) manufacturing capacity boosted sales despite ongoing supply chain problems. Elon Musk's high-flying EV company reported first-quarter profits of $3.3 billion, up 658 percent from the year-ago period on an 81 percent jump in revenues to $18.8 billion.

from Times of India https://ift.tt/wrHInik

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