Tesla Reports $900 Million in Q1 Operating Profit, Slightly Surpassing Expectations

EPS at 47 Cents, Exceeding Expectations

Tesla’s operating profit for the first quarter of this year reached 900 million dollars, surpassing market expectations.

On April 22 (local time), Tesla announced that its first-quarter operating profit based on Generally Accepted Accounting Principles (GAAP) was 900 million dollars (approximately 1.3 trillion won), marking a 136% increase compared to the same period last year.

During the same period, revenue stood at 22.39 billion dollars, and net income reached 477 million dollars. These figures slightly exceeded market forecasts. According to MarketWatch, the financial market had anticipated Tesla’s first-quarter revenue to be 22.2 billion dollars. Adjusted earnings per share (EPS) came in at 41 cents, also surpassing the average analyst estimate of 34 cents compiled by Bloomberg.

Bloomberg explained that the first-quarter results were driven by sustained growth in vehicle demand in parts of the Asia-Pacific and South America, as well as a recovery in North America, Europe, and the Middle East.

Following the first-quarter earnings announcement, Tesla’s shares rose 4.5% in after-hours trading, according to the Financial Times (FT).

This content was produced with the assistance of AI translation services.