Tesla earned $18.76 billion in Q1 of 2022

Tesla earned $18.76 billion in Q1 of the year 2022.

It has beaten all the expectations of the expertise as they have expected a $17.80 billion profit and earned $18.76.

Besides this, the revenue per share has also increased as it reached $3.22 and was expected to be $2.26.

Shares rose as high as 6% in after-hours trading.

Moreover, Amid inventory network imperatives and creating delays in China, Tesla announced that it procured a $3.3 billion benefit in the principal quarter of 2022.

The company announced that it had turned that profit into just over $18.7 billion in revenue.

This profit represents an increase in the revenue this year as the last year's revenue was 10.4 billion in Q1 2021.  That addresses an 81 percent expansion year over year.

The company said that the growth of Tesla's revenue came from increasing the number of cars and the average selling price.

Furthermore, according to the new sales estimate of Tesla, they have delivered 310,048 vehicles for the first quarter.

In addition, CFO Zachary Kirkhorn and CEO Elon Musk said they are confident in growing at least 50% by 2021. But it was told by the company that they have lost construction volume file to the closure of the shanghai company because of COVID-19.

Besides, Kirkhorn also said that the production is resuming to some degree, "working to get it back to full production as soon as possible," he added.

However, Musk was optimistic despite the delay and slowdown and said, "It looks like we can make 1.5 million cars this year.

In addition, he also added that the customers may have to wait for their turn, and may their turn does not come this year. He also said that some customers may wait until the following year.

Furthermore, Elon Musk also mentioned that He is making more progress than expected.