Electric car company reports $18.8bn in revenue for the first quarter, up 81% from a year before
Tesla smashed Wall Street estimates for revenue and profit in another record quarter on Wednesday, despite aThe electric car manufacturer reported $18.8bn in revenue for Q1 of 2022, up 81% from a year earlier. The report beat analyst expectations of $17.8bn, sendingThe company acknowledged in a statement that challenges including a large increase in prices for some of its raw materials coupled with supply chain issues have “remained persistent”.
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