[TechWeb] May 21, according to foreign media reports, 2020TeslaShares have risen more than 700% as the company's CEO, Elon Musk (Elon Musk), led the company out of the so-called "production hell" and significantly increased sales of electric vehicles.

Entering 2021, Tesla, Inc. 's stock price did not perform very well. The company's share price has fallen about 20% since the beginning of 2021, despite record production and delivery in the first quarter of 2021, and revenue and profit that beat Wall Street expectations.

In the first quarter of this year, the company produced 180338 electric vehicles and delivered 184800 electric vehicles, both hitting record highs and exceeding expectations.

Tesla, Inc. released its 2021 Q1 financial report in April this year, showing that in the first quarter, the company achieved revenue of US $10.389 billion, up 74% from the same period last year, with a decline from the previous year; GAAP net profit was US $438 million, up 2638% from the same period last year, up 62.2% from the previous year; and non-GAAP net profit was US $1.052 billion, up 363% from the same period last year and 16.5% from the previous year.

Tesla, Inc. 's first-quarter revenue and profit beat Wall Street expectations, thanks to record delivery volumes, strong demand in the Chinese market and sales of environmental protection points.

In terms of sales, Tesla, Inc. sold 184500 electric vehicles in the first quarter of 2021, making it once again the world's best-selling electric vehicle brand. The company has a bigger advantage in pure electric vehicle sales, accounting for 25 per cent of the pure electric vehicle market, but down from 29 per cent a year ago.

As of Thursday's close, Tesla, Inc. 's shares closed at $586.78, up 4.14% from the previous day, giving the company a market capitalization of $565.263 billion. (little fox)