Toyota Motors has kicked into high gear, experiencing a smooth ride in its first quarter under the leadership of CEO Koji Sato. The Japanese automotive giant has reported an astounding 75 per cent surge in net income, soaring to an impressive $9.

Toyota Motors' net income electrifies investors, surges 75% in Q1

Shares of electric vehicle maker Tesla are down more than 4%. The company's net income fell more than 24% year-on-year after Elon Musk said the company would prioritise volume growth over profits during recessionary times.

Tesla records 24% drop in net income

Electric car maker Tesla has made a record profit in the first quarter of this year despite shortages of semiconductor and chips. Tesla has surpassed Wall Street expectations marginally and booked a record income of $438 million.

World Business Watch: Tesla posts record net income, revenue surges by 74%

Net revenue rose to $8.43 billion from $7.77 billion in the previous quarter

Accenture net revenue rises by 8.6%

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