Electric Vehicle automaker Tesla has reported an increase in revenue in the first quarter despite a series of price cuts.
Teslas firstquarter earnings call which was livestreamed on Twitter yesterday revealed that the company made 23.33 billion in revenue, slightly higher than the 23.21 billion Wall Street estimated.
for the sixth time.
On the first quarter call, Tesla said via a statement,
In this current macroeconomic environment, we see this year as a unique opportunity for Tesla.
GAAP earnings came in at 73 cents, down 23 from the yearago quarter.
Automotive revenue, Teslas core segment, reached 19.95 billion in the quarter, up 18 from last year.
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