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      ·2021-04-27
      Testing

      Tesla posts record net income of $438 million, revenue surges by 74%

      Tesla reported record net income of $438 million during the quarter, as well as earnings of 93 cents per share on $10.39 billion in revenue.In its earnings release, the company said it has weathered chip shortages that have plagued the auto industry in part by “pivoting extremely quickly to new microcontrollers, while simultaneously developing firmware for new chips made by new suppliers.”On an earnings call, CEO Elon Musk said the delayed new version of the company’s Model S sedan will be deliv
      Tesla posts record net income of $438 million, revenue surges by 74%
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