Electric carmaker Tesla Inc. (NASDAQ: TSLA) reported record net income of $438 million in Q1 on $10.39 billion in revenue, slightly short of analyst expectations for revenue. The company provided no updates on the long-delayed Semi tractor, saying only it is “in the background.”
First-quarter revenue nearly doubled the $5.99 billion from a year ago. Earnings per share of 93 cents exceeded the expected analyst consensus of 80 cents. Per-share earnings in the year-ago quarter were 23 cents. Tesla...
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