Tesla's Q1 revenue sees year-over-year increase, while profits dropped

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Tesla's Q1 revenue sees year-over-year increase, while profits dropped
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Tesla's first-quarter revenue saw a year-over-year increase while its profits dropped, prompting its shares to fall about 3.5% after market-close Wednesday.

Ark Invest CEO and CIO Cathie Wood discusses how artificial intelligence could change the investing landscape on 'Barron's Roundtable.'to fall about 3.5% after market-close Wednesday.in overall first-quarter revenue, increasing 24% compared to the same period in the prior year. Of that total revenue figure, it included $19.96 billion of automotive, $1.53 billion of energy generation and storage and $1.84 billion of services and other revenues.

The Tesla Inc. logo is seen on the grille of a Model X electric vehicle at the Moscow Tesla Club in Moscow, Russia, on Friday, July 20, 2018. Tesla may nearly double the number of cars its selling in Russia after a mobile-phone retailer backed by bil

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