Tesla has net profit of $ 438 million in the first quarter of 2021

Tesla has published a report for the first quarter of 2021. Revenue for the reporting period was $ 10.389 billion, of which electric vehicle sales brought in $ 9.0 billion. In annual terms, revenue grew by 74%, sales of electric vehicles – by 75%.

Operating income for the quarter was $ 594 million. This figure has grown by 110% over the year.

Net income for the quarter was $ 438 million. Since a year ago this figure was only $ 16 million, the growth turned out to be very large – 2638%.

The company ended the quarter with $ 17.141 billion in cash and cash equivalents.

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