Tesla surprised investors after announcing a profit of $ 16 million, or 9 cents a share, in the first quarter of the year, compared to a loss of $ 702 million or $ 2.9 a share in the same period last year. Adapted to the extraordinary data, profits stood at $ 1.24 per share.
At the same time, revenue rose to $ 5.99 billion in the first quarter, from $ 4.5 billion in the corresponding quarter in 2019. Analysts expected the company to record losses of 28 cents per share and sales of $ 6.1 billion. .
The positive financial results of Tesla lead the company’s share, in the post-conference process, to rise by 9.5% and exceed $ 875. Earlier today, the stock closed at $ 800.51 (+ 4.08%).
Despite global business challenges, we have managed to achieve the best in the first quarter, both in terms of production and delivery.
said the company, which announced that deliveries of its truck, the Tesla Semi, would be delayed until 2021 as it focuses on increasing production of the Model Y.
Tesla made 102,672 cars and sold 88,400 cars in the first three months of 2020, far exceeding expectations, which were close to 70,000 sales.
These numbers are not the largest the company has achieved, but they are a record for the first quarter of a year in its history. Production of the Model S and Model X reached 15,390 cars and their sales 12,200 cars. Respectively, the production of the Model 3 and Model Y reached 87,282 cars, and their sales reached 88,400 cars.