Market Updates
Tesla Net Revenues Up 81%, Vehicle Production Jumps 69%
Scott Peters
20 Apr, 2022
New York City
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Tesla, Inc said first quarter 2022 revenues shot up 81% to $18.8 billion, net income jumped 658% to $3.3 billion, and diluted earnings per share jumped to $2.86 from 39 cents a year ago. Cash and equivalents at the end of the quarter increased to $18 billion and net declined to $0.1 billion. Total vehicle production increased to 305,407 units from 180,338 a year ago.
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