Tesla (TSLA) today released its financial results and investor letter for the first quarter of 2022.

Finance  News

April 21 2022

Tesla Q1 2022 profits expectations

We published our Tesla Q1 2022 earnings preview along with Wall Street assumptions.

Wall Street's consensus for the quarter was earnings of $17.659 billion and profits of $2.26 per share.

Expectations are high after Tesla completed a new document for the delivery of more than 310,000 shipments in the quarter.

Tesla Q1 2022 financial results

Tesla launched results and beat Wall Street assumptions with $18,756 billion in earnings and $3.22 per share (non-GAAP) during the first quarter of 2022

Tesla's stock (TSLA) was up by as high as 4% in aftermarket trading after financiers found out of the outcomes.

Tesla is achieving a 32.9% GAAP automotive gross margin in the quarter. This is despite supply chain problems and rising prices,

Tesla discovers itself with regarding $17.5 billion in cash at the end of the last quarter.

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