Apr. 22 at 8:40 PM
$TSLA Net income increased to
$477 million, or 13 cents a share, from
$409 million, or 12 cents a share, a year earlier.
Tesla’s automotive gross margins, excluding the sales of environmental regulatory credits, came in at 19.2%, higher than in any quarter last year. The company said margins were helped by higher average selling price and “lower average cost per vehicle due to lower material costs.”
In its energy segment, which sells solar installations and a range of battery energy storage systems, Tesla reported
$2.41 billion in revenue for the quarter, down 12% from
$2.73 billion in the year-ago period.
