Tesla made a net profit of US $438 million in the first quarter. The proportion of localized parts procurement in Shanghai factory has exceeded 90%.


Source: metal.com metal.com

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Source: Battery net [Tesla made a net profit of $438 million in the first quarter. The proportion of localized parts procurement at the Shanghai factory has exceeded 90%. Tesla's total revenue in the first quarter was $10.389 billion, an increase of 74% over the same period last year. GAAP * (generally accepted accounting principles) net profit was $438 million, an increase of 2638% over the same period last year. These figures mean that Tesla has made a profit for seven consecutive quarters, and his net profit has also set a new quarterly record. Tesla released his results for the first...