Employees of the Tesla Gigafactory Berlin Brandenburg work on the final inspection of the finished Model Y electric vehicles. The Tesla plant was opened and put into operation on March 22, 2022.Patrick Pleuil | Picture Alliance | Getty ImagesShares in electric vehicle maker Tesla dropped more than 4% after the company reported first-quarter earnings after the bell. Here are the results.Earnings per share:Â 85 cents adj. vs 85 cents expected, according to the average analyst estimate compiled by RefinitivRevenue:Â $23.33 billion vs $23.21 billion expected, according to Refinitiv estimatesNet income came in at $2.51 billion, down 24% from last year, while GAAP earnings came in at 73 cents, down 23% from the year-ago quarter.related investing newsTesla specified in a shareholder deck that “underutilization of new factories” stressed margins, along with higher raw material, commodity, logistics and warranty costs, and lower revenue from environmental credits, all contributing to the d …
