		<div class="wpcnt">
			<div class="wpa">
				<span class="wpa-about">Advertisements</span>
				<div class="u top_amp">
							<amp-ad width="300" height="265"
		 type="pubmine"
		 data-siteid="111265417"
		 data-section="1">
		</amp-ad>
				</div>
			</div>
		</div><p>Tesla on Monday posted its seventh-straight profitable quarter after strong sales of its electric cars and SUVs.</p>
<p>The company made $438 million (€362 million) in the three-month period that ended March 31st, as sales more than doubled the same quarter last year to nearly 185,000 vehicles.</p>
<p>Tesla said adjusted net income, excluding stock-based compensation, passed $1 billion for the first time in company history.</p>
<p>The company also said there is evidence that a person was behind the wheel of a Tesla that crashed in Texas earlier this month, killing two men. But authorities near Houston said investigators were sure no one was driving the car when it missed a curve, hit a tree and went off the road.</p>
<p>The April 17th crash near Houston has brought renewed scrutiny of Tesla and its Autopilot partially automated driving system. Two federal agencies are joining local authorities in investigating.</p>
<p>Excluding stock-based compensation and non-recurring items, Tesla made 93 cents per share. That beat Wall Street estimates of 75 cents per share, according analysts polled by data provider FactSet. First-quarter revenue rose 74 per cent to $10.39 billion, but it was just shy of the $10.48 billion expected by analysts.</p>
<p>Once again the company needed regulatory credits purchased by other automakers in order to make a profit. Without $518 million in credits for the quarter, Tesla would have lost money. Other automakers buy the credits when they can not meet emissions and fuel economy standards.</p>
<p>The company, which also makes solar panels and batteries, made only $16 million in the first quarter of 2020.</p>
<p>Tesla, which now has the sixth-largest market value of all companies in the S&;P 500 at $708.56 billion, saw its shares fall about 2.5 per cent in extended trading Monday. The company released numbers just after the markets closed.</p>
			<div style="padding-bottom:15px;" class="wordads-tag" data-slot-type="belowpost">
				<div id="atatags-dynamic-belowpost-68cd474ead1ef">
					<script type="text/javascript">
						window.getAdSnippetCallback = function () {
							if ( false === ( window.isWatlV1 ?? false ) ) {
								// Use Aditude scripts.
								window.tudeMappings = window.tudeMappings || [];
								window.tudeMappings.push( {
									divId: 'atatags-dynamic-belowpost-68cd474ead1ef',
									format: 'belowpost',
								} );
							}
						}

						if ( document.readyState === 'loading' ) {
							document.addEventListener( 'DOMContentLoaded', window.getAdSnippetCallback );
						} else {
							window.getAdSnippetCallback();
						}
					</script>
				</div>
			</div>
Discover more from London Glossy Post
Subscribe to get the latest posts sent to your email.
