Tesla’s Biggest Problem Is Not Going Away

Elon Musk managed to make Tesla (TSLA) – Get Tesla Inc Report the benchmark in the automotive sector that the company completely disrupted.

Three years after getting close to bankruptcy, the automobile group is in sparkling health.

Tesla has just revealed first-quarter results that have thwarted even the most optimistic forecasts.

Net profit was $3.32 billion, up 655% from the first quarter of 2021. A year ago, net profit was just $438 million, according to a press release. Adjusted earnings came at $3.22 per share, well ahead of the Street consensus forecast of $2.89 per share.

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