Tesla edges past Wall Street target as bitcoin sales, environmental credits boost revenue


FILE PHOTO: The logo of car manufacturer Tesla is seen at a branch office in Bern, Switzerland October 28, 2020. REUTERS/Arnd Wiegmann

(Reuters) -Electric carmaker Tesla Inc marginally beat Wall Street expectations for first-quarter revenue on Monday boosted by a jump in environmental credit sales to other automakers and liquidating some bitcoins.

Tesla posted record deliveries in the first quarter despite a global chip shortage that has slammed auto sector rivals, but its profit was not driven by auto sales.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Tech giants are racing to embed AI in schools around the globe
Designing for video game complexity
Trump says he will talk to Musk about restoring internet in Iran
From AI companions to neural earbuds: The future unveiled at CES 2026
Should I worry about my kid’s screen time? A psychologist says ask yourself these four questions
Spotify digs in on podcasts and opens new Hollywood studios
Lego's new smart bricks light up and make noises when triggered
Musk's X to open source new algorithm in seven days
Review: Build a 1930s New York media empire in 'News Tower'
OpenAI may want users to start interacting with AI in a different way

Others Also Read