Tesla’s profit rose 27 times and became a record

Tesla Ilona Mask completed the first quarter of 2021 with a record profit. It grew 27 times and amounted to 438 million dollars in January-March ($ 0.39 per share) compared with 16 million dollars for the same period of the previous year. This is reported on the company’s website.

The manufacturer showed the profit of the seventh quarter in a row. Revenue grew from 5.99 to 10.39 billion dollars. The company put on the market more than half a million cars in 2020 and 184.8 thousand cars around the world in the first quarter.

Since the beginning of the year, Tesla also earned $ 101 million on the sale of bitcoins. It is noted that the cost of electric vehicles in the first quarter has become 13 percent more compared with the same period a year earlier. The manufacturer’s shares fell by 3.1 percent after the publication of reporting, since the company did not designate a specific car in supply for this year.

Earlier Mask lost billions of dollars against the background of reducing the value of shares of his company. This happened after an accident with Tesla, which killed two people. The electric car at high speed crashed into a tree, not fitting in turn. After that, Tesla caught fire, the fire was tushed around four hours. Two people died, while one sacrifice was on the front passenger seat, the second – in the back.

/Media reports.