Accounting Tutoring Accounting Tutoring

Combination View Flat View Tree View
Tesla posts 438M 1Q profit on strong electric vehicle sales
toggle



Charged up by strong sales of its electric cars and SUVs, Tesla on Monday posted its seventh-straight profitable quarter.

The company made $ 438 million in the three-month period that ended March 31, as sales more than doubled the same period last year to nearly 185,000 vehicles.

Tesla said slotxo download android adjusted net income, excluding stock-based compensation, passed $ 1 billion for the first time in company history.

The company also said that 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 are sure that no one was driving the car when it missed a curve, hit a tree and went off the road.

The April 17 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.

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% to $ 10.39 billion, but it was just shy of the $ 10.48 billion expected by analysts.

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 meet emissions and fuel economy standards.

The company, which also makes solar panels and batteries, made only $ 16 million in the first quarter of 2020.

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% in extended trading Monday. The company released numbers just after the markets closed.

Tesla said its cash position fell by $ 2.24 billion in the quarter to $ 17.14 billion, due mainly to bitcoin purchases and $ 1.2 billion in debt and finance lease payments. That was offset by $ 293 million in free cash flow, which is operating cash flow minus capital expenditures.
Flag Flag
Tesla as a whole is doing quite a lot when it comes to the sales of its cars and the innovation that the company brings about. My friend down at truck driving school flint taught me a lot about Tesla’s business. They really have a lot going on.
Flag Flag
Tesla is the future of electric cars, it’s the upholding strongfold towards a greenier energy sufficient transportaion world. Lets hope the competitors like range rover defender don’t get fallen behind. However I have learnt that there seems to be some sort fo secret getting ready to burst up
Flag Flag
Changing your short hairstyle is like changing your face. When you find a hair style that suits you, it will not only make you look more attractive, but also make you more confident. I will recommend the 5 most popular hairstyles this year, I hope you can find one that suits you!

The Karen haircut ugh. If I had a dollar for how many times a woman has sat in my chair and requested the typical “Karen haircut” with an attitude, I always think how well that haircut suits their personality.

Fade haircuts usually are longer at the top and gradually become shorter on the sides and back.The Taper fade is a popular choice because it is understated and subtle where the hair gently tapers down to the neck and can be kept longer on top.
Flag Flag
Pavati is a boat builder in the marine industry that offers boats for sale in differing sizes on Boat Trader, with the smallest current boat listed at 24 feet in length, to the longest vessel measuring in at 27 feet, and an average length of 25.32 feet. Boat Trader currently has 2 Pavati boats for sale, including 2 new vessels and 0 used boats listed by both individual owners and professional boat dealers mainly in United States. The oldest model listed is a contemporary boat built in 2018 and the newest model year was built in 2022.
How much do Pavati boats cost?
Pavati boats for sale on Boat Trader are available for a variety of prices, valued from $345,000 on the bargain side of the spectrum all the way up to $375,000 for the higher-end boats. Higher performance models now listed are rigged with motors up to 575 horsepower, while more compact more functional models may have as little as 575 horsepower engines (although the average engine size is 575 HP).
What kind of boats does Pavati build?
Of the boats listed, Pavati offers familiar boat hull types and designs including . These vessels are usually used for popular boating endeavors such as . The boats available here currently from this builder come with inboard propulsion systems, available in gas fuel systems.
Why are Pavati boats popular?
Pavati is popular for their Ski and Wakeboard among other classes and models. Overall these available boats have an extremely shallow draft and average beam, traits that make them ideal for.
Flag Flag

Staging Enabled