Tesla Earnings Q1 2021

Tesla had $438 Million in GAAP net income and over $1 billion in non-GAAP net income.

Tesla almost reached its Q4 revenue 2020 with the traditionally weak first quarter.

Tesla grew its gross margin despite not having the higher-margin Model S and Model X.

Model 3 was the best-selling premium sedan in the world. The Model 3 outsold long-time industry leaders such as the 3 Series and EClass.

SOURCES – Tesla, Tesla Daily
Written By Brian Wang, Nextbigfuture.com (Brian owns shares of Tesla)

4 thoughts on “Tesla Earnings Q1 2021”

  1. Give them a break.

    They are constantly innovating and investing in research, ramping up production, developing autopilot and nevertheless all that costs they are still profitable. They could have much higher profits if they stopped research and development, building new factories, but that would be a bad move.

    It is more reasonable to have only tiny profit and invest much more in research and development. Even if they dont pay so much taxes, they still give a lot to the economy with technological progress and spending money on new projects which of course creates new jobs new spending on side projects and new future possibilities, so it is well used.

  2. The credits come from the car business. They are part of the car business profit. So that's a net $338M from the car business.

  3. It appears that Tesla LOST
    $ 180 million in their car business?
    Am I reading that right?
    $438 million total profit,
    $518 million from credits
    $110 million for Bitcoin
    And incedentals?

    Is that an acceptable # for a start up?

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