Tesla Earnings Review: Profits Decline But Tesla Still On Track To Meet Full-Year Targets
Tesla Motors did not disappoint investors as it delivered yet another set of solid results. During the quarter, the company’s revenues stood at $620.5 million, up from $615.2 million in the fourth quarter. The net income stood at -$50 million, or a loss of 40 cents a share. The automaker produced 7,535 Model S vehicles and delivered a total of 6,457 vehicles, outpacing its own guidance.
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