Tesla record profit blows away estimates

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"Tesla just 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."

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"Amid supply chain constraints and production delays in China, Tesla reported that it earned a $3.3 billion profit in the first quarter of 2022."

"Tesla turned that profit on just over $18.7 billion in revenue, the company announced."

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"That represents an 81 percent increase year over year, compared to $10.4 billion in revenue in Q1 2021."

"The company logged $679 million in emission credit sales to other automakers, compared to $314 million in credit sales in Q4 2021."

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