From the company’s very inception, Tesla (TSLA) has been at the forefront of pushing disruptive technologies. And despite all odds, Tesla became one of the fastest-growing automobile manufacturers in history.
While electric vehicles have existed to some degree since the invention of the automobile, Tesla pushed them into the mainstream, fueling the industry’s now inevitable shift to electric vehicles.
That’s why the company’s shares have surged nearly 406% over the past twelve months. It’s also why, despite major disruptions to the auto industry, the company was able to report strong financials in its latest quarter…
For the first quarter, Tesla’s earnings per share were $0.93 compared to the anticipated $0.75. And the company’s revenue was $10.39 billion.
While that was a slight miss from Wall Street’s projected $10.48 billion, the firm delivered this revenue even as the global chip shortage shuttered the manufacturing activity of major automakers – including General Motors (GM) and Ford Motor Co. (F).
And despite supply and demand dynamics expected to hurt the industry in the months ahead, Tesla expects demand for its Model S and Model Y vehicles to ramp up in tandem.
“Hi, I’m Jeff Brown… I’m about to get in this Tesla and drive up to a location just a few miles from here to show you Elon Musk’s next big project…
What happens next will shock you…”