Tesla sharply increases net profit 

Tesla posted a surplus for the seventh straight quarter on Monday due to strong sales of electric vehicles and SUVs.

Tesla earned $ 438 million in the three months to March 31, up 27.4-fold from the previous year, Report informs.

The company sold nearly 185,000 cars and the revenues amounted to $10.4 billion, showing a 76.3% growth compared to a year ago.