Tesla beats revenue estimates on record deliveries at higher prices
Revenue rose to $18.76 billion in the first quarter ended March 31, from $10.39 billion a year earlier. Analysts had expected $17.8 billion, according to IBES data from Refinitiv.
Meanwhile, the company’s two new factories in Texas and Berlin are ramping up production, with Musk delivering Tesla’s first Texas-made Model Y vehicles earlier this month. The company started deliveries in Berlin in March.
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