US electric car manufacturer Tesla’s profit reached a record level in the first quarter of this year with $ 438 million.
Tesla announced its balance sheet for the first quarter of 2021.
Accordingly, the company’s revenue in the first quarter of this year increased by 74 percent compared to the same period last year, reaching $ 10.4 billion. The company, which announced that it had the highest vehicle production and delivery ever, had a revenue of $ 5.9 billion in the first quarter of last year.
The net profit of the company increased by 2638 percent in the first quarter of the year compared to the same period last year and reached 438 million dollars. Tesla’s net profit was calculated as $ 16 million in the first quarter of last year.
The electric car manufacturer’s profit per share, which was $ 0.23 in the first quarter of last year, was recorded as $ 0.93 in the first quarter of this year.
Tesla delivered 184,800 vehicles globally in the January-March period.
Tesla invested $ 1.5 billion in Bitcoin (BTC) in February. The company’s financial manager, Zach Kirkhorn, stated that Tesla has converted 10 percent of the BTCs in its possession into cash.
Kirkhorn reported that Tesla made $ 272 million from the sale. It was stated that Tesla made a net profit of 101 million dollars from BTC after the purchase price and taxes.
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