Tesla sees growth on track as China, bitcoin boost revenue Netscape Gadgets & Tech


Source: netscape.com netscape.com

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(Reuters) -Electric carmaker Tesla Inc marginally beat Wall Street expectations for first-quarter revenue on Monday boosted by a jump in environmental credit sales to other automakers and robust demand from China. Sales of regulatory permits were higher than quarterly profit, in line with the trend of several quarters, and net profit was dented by a $299 million award to Chief Executive Elon Musk. Tesla's quarterly performance hit targets qualifying the billionaire entrepreneur for two options payouts worth a combined $11 billion. (Graphic on options payout) https://tmsnrt.rs/3sW7Xrv "Higher regulatory credits, lower taxes, and bitcoin sales buoyed financial results. Back these out,...