Tesla Posts $438 Million 1Q Profit on Strong Electric Vehicle Sales

Tesla Posts $438 Million 1Q Profit on Strong Electric Vehicle Sales
The logo of car manufacturer Tesla is seen at a branch office in Bern, Switzerland, on Oct. 28, 2020. Arnd Wiegmann/Reuters
The Associated Press
Updated:

DETROIT—Charged up by strong sales of its electric cars and SUVs, Tesla on Monday posted its seventh-straight profitable quarter.

The company made $438 million in the three-month period that ended March 31, as sales more than doubled the same period last year to nearly 185,000 vehicles.