Tesla's net income was $2.51 billion in the first quarter of 2023, down 24 percent compared to the same period in 2022. The company's adjusted earnings fell 23 percent over the same period to 73 cents per share.
Tesla's earnings were 85 cents per share in the first quarter of 2023, while revenue was $23.33 billion compared to expectations of $23.21 billion.
Tesla's revenue from its core electric vehicle production business was about $19.96 billion in the first quarter, up 18 percent from the same period last year. Tesla's revenue from the power unit also rose 148 percent to $1.53 billion from the same period a year earlier.
Source (CNBC Arabic Website, Edited)
