before we go,
we had first quarter earnings from Tesla crossing the tape earlier this hour,
Hannah growth slows down for you and Tesla reporting
a beat on the top and the bottom lines.
The E. V.
Maker reporting sales of 18.76 billion versus expectations of 17.8 billion.
So that was certainly a beat
And in fact a jump in sales of 81% from the same time a year ago.
That figures almost more shocking.
Um Tesla earning and adjusted $3.22
a share much higher than expectations of $2.26.
So a blowout quarter, I mean leave it to Elon musk.
I think he's, he has done some people how he was able to successfully do this
Despite the woes.
The many woes that the auto spaces faced these past few years
and great news with Tesla still had some words of caution.
Kristen Tesla warning that its factories and you alluded to this earlier in the
hour are likely to continue to run below capacity through rest of 2022.
Tesla also explaining how the rapidly rising cost
of raw material is impacting the company.
The company is adjusting though saying nearly half of Tesla vehicles produced in
Q1 had a different kind of battery containing no nickel or cobalt.
So they actually exceeded their delivery expectations despite the supply
chain issues that so many automakers are dealing with.
Yeah, pretty pretty shocking here.
The company also sharing some news on the cybertruck plans.
I know our viewers are interested in this
saying it's making progress on the manufacturing process.
The plan is to make them at that Austin factory after the model Y ramps up there.
Well shares of Tesla, they've been up in the after hours, nearly a racing.
Today's losses.
We might be able to show a chart here,
but certainly better than expected earnings report is
a positive and more details on the cybertruck.
Also a positive. Um, Hannah, you know, I talked with ken a lot about this.
He's like pro cybertruck.
I have to be honest,
it's just so unlike anything else on the market that it is
still unclear to me whether there will be a demand for this.
I just feel just looking at it. I feel claustrophobic and you know, I have a Tesla.
I love my Tesla, but I'm just looking at that car. It's just,
it's a lot going on. It is sleek.
I guess it reminds me of like an all terrain vehicle more than something.
I just drive down the highway. I think it looks like something that we would drive on.
Mars I don't know about earth, but maybe mars I'm with you there.
I am with you Of course, ken before would love it.
We don't have a price point for this vehicle just yet. Right? I don't think.
I don't think so,
but I think deposits started several years ago
and it was the typical like $1000 deposit.
So who knows what you'll be paying for this puppy. Well, I know one of us. Are you?
Especially cause you're so good with these assignments.
Hopefully you'll be the first one to get in that car when they launch.