Financial Insights

Tesla Q1 results crush all Street estimates

American EV manufacturer Tesla crushed all the estimated figures for itself and posted smashing results for the first quarter of 2022.

It revenues, which were expected to be $17.9 billion, grew to $18.8 billion showing a growth of 81% YoY.

It posted a net profit figure of $3.3 billion as the EPS, which was supposed to be $2.31 per share as per analysts, managed to touch $3.22.

The company has managed to stay in the news consistently, either due to Mr. Musk’s wish to take over Twitter or due to the company’s wishes to create robots.

During the call to announce these results, Mr. Musk announced that Tesla was aiming to launch robotaxis, which had no steering wheels or pedals, into the market by 2024.

Highlight by Aman Agarwal.

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