23-10-2019 23:21 via feedproxy.google.com

Tesla surprises with a profit in the third quarter

Teslareturned to profitability in the third quarter after two periods of losses surprising Wall Street and sending shares higher in after-market trading, according to earnings reported after the market closed Wednesday.
The automaker’s third-quarter results included $143 million in net income, or 80 cents a share, compared with $311 million, or $1.82 a share, in the same year-ago period. Tesla earned $342 million, or $1.91 a share, in the third quarter when adjusted for one-time items.
Ana
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