Electric carmaker Tesla reported on Wednesday that its revenue and profits rose in the last quarter as deliveries recovered.
Revenue rose 16 percent year-on-year to $22.4 billion, while net profit increased 17 percent to $477 million.
Following the release of these results, the company's shares jumped by more than 3 percent in after-hours trading.
On the operational front, global deliveries rose 6.3 percent in the first quarter to 358,023 vehicles, after falling 13 percent in the same period last year.
Tesla CEO Elon Musk said the company's long-term growth will be driven by self-driving taxis (robotaxi) and humanoid robots, as Tesla introduced cheaper Model 3 and Model Y models to support demand levels.
