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Tesla: Q1 Earnings Snapshot

AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Tesla Inc. (TSLA) on Wednesday reported first-quarter net income of $477 million.

On a per-share basis, the Austin, Texas-based company said it had profit of 13 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 41 cents per share.

The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.

The electric car maker posted revenue of $22.39 billion in the period, also exceeding Street forecasts. Eleven analysts surveyed by Zacks expected $21.92 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TSLA at https://www.zacks.com/ap/TSLA

China’s 7-foot-3 Zhang Ziyu looms over opponents on debut at Women’s Basketball World Cup

BERLIN (AP) — China’s Zhang Ziyu had everyone looking up to her on the opening day of the Women’s Basketball World Cup on Friday. The 19-year-old Zhang is 7-foot-3 (2.21 meters) and gave the United States a tough physical challenge to overcome in the four-time defending champion's opening 94-61 victory at the Max-Schmeling-Halle in Berlin. Zhang is taller than basketball Hall of Famer Shaquille O’Neal and just an inch shorter than San Antonio Spurs big man Victor Wembanyama. The 6-3 (1.91m) Aliyah Boston looked small in comparison as she stubbornly held her ground to hold Zhang scoreless in the first quarter. Kiki Iriafen, also 6-3 (1.91m), took her turn later as the American defense focused on limiting the damage Zhang could cause over the 18 minutes she played.
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