Tesla stock rallied 7% in premarket trading. Tesla said it earned $3.2 billion, or $2.86 a share, in the first quarter, compared with earnings of $438 million, or 39 cents a share, in the year-ago period.
On a post-results call with investors, Chief Executive Elon Musk focused on some of the more futuristic endeavors for Tesla $(TSLA)$, such as promising a new "robotaxi" vehicle in two years, and kept mum about his proposal to buy Twitter.
Musk made a $43 billion bid for the social-media company last week
Tesla said it earned $3.2 billion, or $2.86 a share, in the first quarter, compared with earnings of $438 million, or 39 cents a share, in the year-ago period.
Adjusted for one-time items, the EV maker earned $3.22 a share.
Revenue rose 81% to $18.6 billion from $10.39 billion a year ago, thanks to higher average car prices and growth in vehicle sales, the company said.
Analysts polled by FactSet expected the company to report adjusted earnings of $2.26 a share on sales of $17.85 billion.