The Stock Rose 11% When Markets Opened, Trading At $1,085 A Share.
Tesla Q1 Earnings 7 Times More Than Year Ago On Strong Sales
The Electric Vehicle And Solar Panel Company Made A Record $3.32 Billion From January Through March.
Revenue For The Quarter Was $18.76 Billion, Also Beating Estimates Of $17.85 Billion.
Operating Profit Came In At A Record $3.6 Billion, Compared With Expectations For About $2.6 Billion.
Elon Musk Said The Company Likely Would Produce More Than 1.5 Million Vehicles In 2022, Up 60% Over Last Year.
LIC IPO: New Launch Date