Electric car manufacturer Tesla beat expectations for the first quarter by a landslide. According to the interim report, the company’s sales have increased by 81 percent compared with the same period last year, reports CNBC.
Sales rose to $ 18.8 billion, equivalent to approximately SEK 180 billion, one billion above the average forecast of $ 17.8 billion, according to a compilation by the analysis company Refinitivt.
Earnings per share were calculated at $ 3.22. This can be compared with the average forecast of $ 2.26 per share.
Tesla’s share rose five percent in after-sales after the interim report was released, writes CNBC.
The average price of Tesla’s electric cars has risen
The increase in sales is mainly explained by the increased number of cars that Tesla has delivered, and by the fact that the average price at sales has risen, according to the company.
Tesla manufactured just over 305,000 cars and delivered just over 310,000 cars during the first quarter of the year. The company recently inaugurated two new factories in the German capital Berlin and in Austin in the USA.
Wednesday’s interim figures come after an intense period for Tesla’s CEO Elon Musk, who has recently placed a so-called hostile bid worth the equivalent of SEK 410 billion on the social media giant Twitter.
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