Tesla: Q1 Earnings Snapshot

April 21, 2022 GMT

PALO ALTO, Calif. (AP) _ Tesla Inc. (TSLA) on Wednesday reported first-quarter net income of $3.32 billion.

The Palo Alto, California-based company said it had net income of $2.86 per share. Earnings, adjusted for stock option expense, were $3.22 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.15 per share.

The electric car maker posted revenue of $18.76 billion in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $17.28 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TSLA at https://www.zacks.com/ap/TSLA