Tesla received record profits

News

Tesla received record profits

28.04.2021 News

American electric car maker Tesla Inc ended the first quarter of this year with record profits, but the company’s revenue was slightly worse than market forecasts. This is stated in a press release from Tesla.

Thus, the company’s net income in January-March was $ 438 million, or $ 0.39 per share, compared to $ 16 million, or $ 0.02 per share, for the same period last year.

Last quarter, Tesla sold emission allowances to other automakers for a record $ 518 million, up 46% from the same period last year. Without the sale of quotas, Tesla would have ended the quarter at a loss.

Also in the first quarter, the company also earned $ 101 million from bitcoin sales.

Tesla’s quarterly revenue jumped 74% to $ 10.39 billion from $ 5.99 billion in the same period a year earlier.

Experts interviewed by FactSet, on average, forecast a net profit of $ 509 million, revenue – $ 10.48 billion.

Tesla reports a “significant increase” in car sales. In early April, Tesla reported that in January-March, they shipped 184.8 thousand cars to customers.

The cost of Tesla cars in the first quarter increased by 13% compared to the same period a year earlier. At the same time, the company notes that the growth rate of profitability of its operations, as well as cost reduction, were even higher.

Shares of Tesla fell 1.6% in additional trading on Monday. Since the beginning of this year, their value has increased by 4.6%.

Other articles

  • globallogic hexacta
    News

    GlobalLogic Acquires Hexacta, an Innovative Digital Engineering Firm in Latin America

    Company Continues Strategic Expansion Adding New Service Capabilities, Talent, and Broadening Nearshore Footprint SAN JOSE, Calif.—January 5, 2023— GlobalLogic Inc., a Hitachi Group Company and Digital Engineering Leader, today announced the acquisition of Hexacta, a Pan-Latin-America digital and data engineering company. The acquisition is part of GlobalLogic’s continued strategy to expand its offerings, and its […]

  • Тест
    Analytics

    Тест

    тест     тест

  • globallogic healthtech 1
    News

    GlobalLogic engineers help create nearly 10% of the global medical device market

    Last year, the global medical device market reached $532.62 billion, according to Mordor Intelligence. Ukrainian engineers are involved in the projects of key players, which occupy almost 10% of the market. This share can be estimated at 50 billion US dollars*. Domestic specialists create more than a hundred software solutions of various levels. These include […]

  • 2779913
    News

    Twitter працює над відновленням відеосервісу Vine

    Новий власник Twitter Ілон Маск доручив інженерам попрацювати над перезавантаженням Vine, яке може бути готове до кінця нинішнього року. Про це повідомляє Axios. Зазначається, що інженерам компанії необхідно вивчити стару кодову базу відеосервісу, яка не змінювалася та не оновлювалася з моменту закриття, а саме з 2016 року, коли з’ясувалося, що майданчик не витримує конкуренції. Втім, одне з […]

  • picturepicture 156446930057951110266878 96171
    News

    CREDIT AGRICOLE TOPS THE SOCIAL RESPONSIBILITY RATING AMONG BANKS ACCORDING TO STANDARD-RATING

    Credit Agricole has been ranked first in the social responsibility rating of the banking sector, created by Standard-Rating based on the 2022 half-year results. The rating agency commended the bank’s contribution to the economy of Ukraine. The bank has paid UAH 100 million in taxes in advance, while issuing UAH 1.2 billion in loans under […]

  • impact automotive
    News

    How Ukrainian developers make impact on road safety

    From October 1, drivers must turn on the dipped headlights of the car outside the city. This helps to additionally mark the vehicle in conditions of low visibility within the autumn-winter period. GlobalLogic reminds about the importance of compliance with traffic rules and tells about the developments of Ukrainian engineers that affect road safety. In […]

  • 750x450 press release image ua
    News

    Intellias completes acquisition of Digitally Inspired, strengthening expertise in the Retail and eСommerce industry

    Intellias, a global software engineering and digital consulting company, has announced the completion of its acquisition of Digitally Inspired, a fast growing, UK based peer, focusing on the Retail and eCommerce industry. “I am delighted to welcome the Digitally Inspired team to Intellias. It is symbolic that Intellias’ twentieth anniversary coincided with signing an agreement […]

  • shutterstock 1920327596
    News

    3×4, a recently-founded Ukrainian Web3 fundraising platform, launches its first campaign

    3×4, a Web3 fundraising platform for non-profits, has been launched in Ukraine to bring innovative crypto & NFT fundraising to the rising number of social impact causes. 3×4 helps non-profit organizations to fundraise utilizing NFTs in collaborations with artists and brands while providing donors utility, revenue and transparency. The idea of 3×4 was born in […]

Read also

Tesla received record profits
News

IPO Snowflake has become the largest in the history of IPO software

After a sensational debut Snowflake on the NYSE on Wednesday, shares of the cloud storage and processing company are expected to fall ahead of trading on Thursday. Shares of Snowflake fell to 4.3%. Snowflake brought 28 million shares to the public market to raise $ 3.36 billion during the largest software IPO in history. Shares […]

Next
Tesla received record profits
News

The court arrested the “Fozzy-Food” accounts, because of the underestimation of VAT

The Solomensky District Court of Kiev had arrested the “Fozzy-Food” accounts (Vishneve, Kyiv region) due to the underreporting by the officials of the value added tax. This is stated in the definition of the Court of 18 May, says the Ukrainian News. The Solomenskiy District Court of Kyiv has received a request for the seizure […]

Next
Tesla received record profits
News

Tesla will sell shares for $ 5 billion

Electric car maker Tesla has agreed with brokerage companies to sell its shares for a total of $ 5 billion. This was reported by Bloomberg, citing documents submitted to the US Securities and Exchange Commission (SEC). The shares will be sold at the market price. This is the third sale of Tesla shares in 2020. […]

Next
Tesla received record profits
News

Google has invested in the Indonesian unicorn Tokopedia

IT giant Google and Singapore’s state-owned investment company Temasek have invested in Indonesia’s largest online store Tokopedia, writes Nikkei Asian Review. The amount of investments is not disclosed. In October, Bloomberg reported that Tokopedia was going to raise about $ 350 million from Google and Temasek. This is Google’s second investment in the Indonesian unicorn. […]

Next
foto START 1
News

NEW START DESIGN!

Lantmannen AXA constantly strive to please our customers, therefore START packaging get the updated bright design! In a massive redesign START! all worked at every detail. And although the composition remained almost unchanged, each element became different. Company created completely different characters. Added contrast between the background, character and the plate. Changed the style of […]

Next
Tesla received record profits
News

Nvidia shares are at a new high on the eve of the quarterly report

Shares of Nvidia, which rose on 109.7% since the beginning of the year, reached a new high record on Monday, as a result, Nvidia’s capitalization market for the first time exceeded $ 300 billion, it is significantly higher than the estimated market of Intel in $ 210 billion. Wall Street experts said that Nvidia was […]

Next
Tesla received record profits
News

Shares Virgin Galactic of Richard Branson dropped by 13% through an additional emission

Shares of aerospace company Virgin Galactic fell by 13.78% to $ 20.71, according to trading data on the New York Stock Exchange. Securities of Richard Branson’s company are getting cheaper due to the background of the announcement of an additional issue emission. Virgin Galactic announced its intention to issue approximately 20.5 million new shares to […]

Next
Tesla received record profits
News

Gazprom has refused annual gas transit through Ukraine

Russia’s gas monopoly Gazprom has not booked capacity at annual auctions through Poland and Ukraine. It is noted that the auctions were held on the booking platforms GSA Platform and Regional Booking Platform. The operator of the gas transmission system of Ukraine exhibited additional “solid” capacities of 9.8 million cubic meters m per day for […]

Next
Tesla received record profits
News

For the first time in Ukraine, a list of critical infrastructure banks has been compiled

For the first time, the National Bank has identified a list of critical infrastructure facilities in the banking system of Ukraine. This was reported on the regulator’s website on Friday, April 23. It is noted that such powers of the NBU are provided by the Law on Basic Principles of Cyber ​​Security of Ukraine. “Objects […]

Next
Tesla received record profits
News

The NBU named the reasons for the fall in GDP in the second quarter

Before the fall of the economy in the second quarter of 11.4% led to strict quarantine restrictions and declining demand, as well as reduced investment. This is stated in the report of the National Bank. “The main factor in the deepening decline in GDP was expected to be a reduction in domestic demand. It is […]

Next
Tesla received record profits
News

AMCU fined the plant “Ukrproduct Group” of 790.3 thousand UAH for adding vegetable fats in the butter

Vegetable fats have been repeatedly found in butter produced in the SE “Starokonstantinovsky dairy factory”. This is confirmed by the state of research in 2012-2014.  The Antimonopoly Committee has fined SE  “Starokonstantinovsky Dairy Plant”, which belongs to the largest Ukrainian manufacturers, the Ukrproduct Group company. The fine amounts to 790.3 thousand UAH. This was reported […]

Next
Tesla received record profits
News

Creative will return its grain elevator in a court case

According to the statement of the new management  of the Creative company was opened a criminal proceeding  for illegal withdrawal of the group’s assets. It is reported by the  “Ukrainian News”. In February 2016 Holosiivskyi District Court of Kiev ordered the freezing of assets of the companies “Protein-Production”, “League” and “Yagotynske HPP”. Seizure of assets […]

Next
Tesla received record profits
News

Україна планує запровадити нове мито на імпорт

Проект, що його розробляє уряд, визначає введення 10% збору на купівлю іноземної валюти імпортерами. Деталі ініціативи Кабміну повідомив нардеп Ярослав Железняк, який є заступником голови податкового комітету Верховної Ради. “Тут варто зазначити, що обрана концепція не передбачає додаткових імпортних мит (що є складним при адмініструванні), а визначає запровадження 10% збору на валютообмінні операції із купівлі всіх […]

Next
Tesla received record profits
News

Rating of the best countries for business: what has Ukraine achieved?

For the year Ukraine dropped 13 points lower in the world ranking by business publication Forbes «Best Countries for Business”: from 61 to 74 place. According to the research, which included the analysis of the basic conditions for doing business in different countries of the world, since the beginning of 2016 Ukraine’s index dropped significantly. […]

Next
Dmytro Shymkiv
News

Why it is worth investing in pharmaceuticals, — Dmytro Shymkiv’s opinion

Traditionally, it is considered that the shares of pharmaceutical and biotech corporations are effectively protected from the global financial crises. The asset growth inevitably accompanies any, even insignificant, success of drug manufacturers. And the pandemic period has caused an unprecedented wave of investments in the pharmaceutical business. Due to Dmytro Shymkiv’s explanation, the head of […]

Next
Tesla received record profits
Analytics

Тест

тест     тест

Next