Last updated on December 8th, 2022 at 02:04 pm
Electric vehicles sold for $ 5.132 billion per quarter
Tesla published a report for the first quarter of 2020. During the reporting period, the company managed to manufacture 102,672 electric vehicles and 1917 charging stations for them. 88 496 electric vehicles were delivered by customers, which is 21% less than in the previous quarter, but 40% more in annual terms.
Sales of electric vehicles brought the company $ 5.132 billion, and all quarterly revenue was $ 5.985 billion. Compared to the previous quarter, this indicator decreased by 19% but increased by 32% over the year.
Operating profit for the quarter was $ 283 million. It decreased by 21% compared with the previous quarter but increased by 154% in annual terms.
The quarter resulted in a net profit of $ 16 million. For comparison: in the previous quarter, net profit was equal to $ 105 million, and a year ago, net losses of $ 702 million were recorded.
At the end of the quarter, the company had $ 8.08 billion in cash and cash equivalents at its disposal.
