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Tesla records profit of 81% in the Q1 despite supply-chain disruptions

#tesla #elonmusk #profit #capital #tech #electron #market #stockmarket #twitter Tesla Inc. reported another record quarter of sales and profit, blowing past Wall Street estimates. Tesla earned $3.2 billion in the first quarter, compared with earnings of $438 million in the year-ago period. Revenue rose 81% to $18.6 billion from $10.39 billion a year ago, thanks to higher average car prices and growth in vehicle sales, the company said. Tesla stock has gained about 36% in the past 12 months, which compares with gains of about 8% for the S&P 500 index SPX, -0.06%. --------------------------------------------------------------------------------------------------------------------------- iBrandTV Media Communications is a Nigerian company established based on its undying passion for media, especially for Business news, Cinematography and Photography. Get the latest update and follow us on all our social media platforms Linkedin: https://www.linkedin.com/company/ibrandtv/ Facebook: https://www.facebook.com/ibrandtv/ Instagram: https://www.instagram.com/ibrandtv/ Twitter: @iBrand_TV

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