Tesla reports back-to-back profitable quarters

Tesla reported Wednesday a profit of $139 million, or $0.78 a share, and better-than-expected sales, yet failed to meet analysts’ expectations for earnings in the fourth quarter. Shares fell after the markets closed and are down 1.7 percent as of 2:30 pm PT.
Tesla has managed to string together two profitable periods in a row thanks to sales of the Model 3 and despite several headwinds in the fourth quarter, including a non-cash charge of $54 million attributable to non-controlling interes