Tesla shares accelerated up to 12% after the start of major trading in the US

Quotes rise amid strong results of the first quarter of 2022 TeslaTSLA $1,056.14 +2,8% Buy General Motors GM$41.63 -0,64% Buy Ford F$16 -0,62% Buy

Tesla shares accelerated growth after the opening of the main trading session in the US market. At a maximum at 16:51 Moscow time, quotes rose by 11.79% to $1,092.22 per share. As of 17:49 Moscow time, the growth was 8.04%, up to $1055.24. This is evidenced by trading data.

The rise in quotes began during the premarket on the back of the company's report on record revenue and net profit in the first quarter of 2022. Revenue increased 81% year-on-year to $18.75 billion. Adjusted EBITDA   for the same period soared 173% to $5.02 billion. Net income rose to a record $3.31 billion from $438 million a year earlier. Earnings per share ( EPS   ) was $2.86 vs. $0.93 in the same period in 2021.

Tesla shares rose 7% amid record revenues and profits Tesla , Split , Automotive  , usa

fourth quarter of 2021. Production of Model 3 and Model Y electric vehicles increased by 61%, while cumulative electric vehicle production increased by 69% to 305,407 vehicles in the quarter.

Tesla will be able to increase vehicle production by at least 50% to 1.5 million in 2022, chief financial officer Zachary Kirkhorn and CEO Elon Musk said   . According to them, the company will achieve such indicators, despite the fact that due to the covid-19 pandemic , production was suspended in Shanghai for a month, and supply chain difficulties will continue throughout 2022.

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Tesla on April 7 opened a new $1.1 billion Gigafactory 5 plant in Texas to increase electric vehicle and battery production, and on March 22 launched the first European electric vehicle plant in Germany. It can produce up to 500,000 electric cars a year, although it may take more than two years to reach peak production capacity.

The new ventures could bring the company's annual production capacity to 2 million vehicles. Tesla also plans to expand production at factories in California and Shanghai. The automaker expects an annual increase in deliveries of 50% within a few years.

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US-based entrepreneur, inventor, innovator and billionaire. Tesla CEO. Founder of the private space company Space X, SolarCity (solar power generator), OpenAI artificial intelligence research laboratory, Neuralink neuroimplant research laboratory, The Boring Company (construction of Hyperloop rapid transit tunnels), co-founder of payment company X .com (later PAYPAL). A measure of how much a company can pay out of its net income per share of common stock. Exists in several versions. An analytical indicator that indicates the amount of profit before interest, taxes, depreciation and amortization expenses. Despite its popularity,