Tesla Rocks And Rolls With Record First Quarter Earnings

Tesla reported first-quarter earnings for 2022 and beat analysts expectations on the top and bottom lines. Here are the key numbers.

        Earnings per share: $3.22 vs $2.26 expected
        Revenue: $18.76 billion vs $17.80 billion expected

Shares rose as high as 6% in after-hours trading.

Automotive revenue reached $16.86 billion, up 87% from the same period last year. Automotive gross margins jumped to a record 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.


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