Tesla reports first-quarter profit despite coronavirus impact

Tesla reports first-quarter profit despite coronavirus impact

4 years ago
Anonymous $9CO2RSACsf

https://www.mercurynews.com/2020/04/29/tesla-reports-first-quarter-profit-despite-coronavirus-impact/

Tesla on Wednesday reported better-than-expected sales for its first quarter, despite having its vehicle production affected by shutdowns at its factories in Fremont and Shanghai due to the worldwide coronavirus pandemic.

After U.S. stock markets closed, Tesla said sales for the months of January, February and March totaled $5.99 billion, up from $4.54 billion in the same period a year ago. Wall Street analysts had forecast Tesla to report sales of $5.9 billion.