Tesla's revenue rose 12% year on year, the first increase in three quarters. Despite that, net income plunged 37% from a year earlier.

The automaker earlier reported a record-setting number of vehicle deliveries through the quarter.

Carmaker exceeded Wall Street’s expectations with more than $26bn in revenue, but saw a 37% drop in profits

Elon Musk's electric car maker reported record revenue as US buyers rushed to secure a key tax credit.

Tesla's revenue rose 12% year on year, the first increase in three quarters. Despite that, net income plunged 37% from a year earlier.

Tesla's revenue rose 12% year on year, the first increase in three quarters. Despite that, net income plunged 37% from a year earlier.

Elon Musk’s automaker reported a mixed bag for quarterly earnings, despite earlier posting a record-breaking tally for sales.