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

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Tesla Q1 2022 profits expectations

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

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

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

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Tesla Q1 2022 financial results

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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

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

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

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

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Elon Musk is offering to acquire Twitter

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