For Tesla, yet another profitable quarter

Tesla (NASDAQ:TSLA) reported third-quarter revenue of $8.77 billion, a year-over-year increase of 39%. The total from the company came in higher than estimates of $8.26 billion. Automotive revenue was $7.6 billion.

“This was achieved mainly through substantial growth in vehicle deliveries as well as growth in other parts of the business,” the company said in the release.

Tesla reported earnings per share of 76 cents for the third quarter, which was higher than the consensus estimate of 56 cents.

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https://s29755.pcdn.co/news/tesla-beats-q3-earnings-estimates-on-pace-for-profitable-year

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