Tesla posts 24% revenue growth in 1st quarter
Revenue of electric carmaker rises 24.6% to $23.3 billion in January-March period
By Ovunc Kutlu
ISTANBUL (AA) - US-based electric carmaker Tesla saw its revenue grow 24% annually, according to its financial results statement released Wednesday.
The firm’s total revenue rose 24.6% to $23.3 billion in the January-March period from $18.7 billion in the same period last year.
Net income attributable to common stockholders, on the other hand, fell 24% to $2.5 billion from $3.3 billion.
Tesla's stock price was down 4.2% in after-hours trading on the Nasdaq at $172.98 per share after closing the session at $180.59.
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