Tesla beats revenue estimates on record deliveries

2022.04.20 23:16

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FILE PHOTO: Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERS

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(Reuters) – Tesla (NASDAQ:TSLA) Inc surged past Wall Street estimates for quarterly revenue on Wednesday as the electric-vehicle maker delivered record units at higher prices.

Revenue rose to $18.76 billion in the first quarter ended March 31, from $10.39 billion a year earlier. Analysts had expected $17.8 billion, according to IBES data from Refinitiv.

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