Tesla reports higher profits, says expansion on track
By Sain in Business
Updated 3 years ago
Tesla reported a jump in first-quarter profits Monday on surging electric vehicle sales, and the manufacturer said it was on track to boost automotive capacity at factories in three countries. The company reported first quarter profits of $438 million compared with $16 million in the year-ago period, following a 74 percent rise in revenues to $10.4 billion.