Sales rose to $28.1 billion, equivalent to 264.5 billion kronor, after revenue had declined for two quarters in a row, reports CNBC.
Profit remained at 50 cents per share, compared to expected 54 cents. Total profit amounted to $1.4 billion, a decrease of 37 percent compared to the corresponding quarter last year. The company explains the decline in profit with increased investments in product development and investments in artificial intelligence.
Tesla's results were reported on Wednesday evening Swedish time, after the New York Stock Exchange had closed. The stock fell by about 2 percent in after-hours trading.
