Posted on 10/24/2018 1:48:04 PM PDT by Moonman62
Tesla shares soared by more than 10 percent in after-hours trading after the company reported a surprise profit for the third quarter and better-than expected car sales and said it was speeding up its Model 3 production in China.
Here's how the company did compared with what Wall Street expected, based on average estimates of analysts polled by Refinitiv:
Adjusted earnings: $2.90 a share vs. an expected loss of 19 cents per share Revenue: $6.82 billion vs. an expected $6.33 billion
The company earned an adjusted $516 million during the quarter, which was an otherwise a tumultuous one for the electric car maker. It was Tesla's third profitable quarter and makes good on CEO Elon Musk's promise for to start turning regular profits in the last half of this year.
(Excerpt) Read more at cnbc.com ...
You drank the Kool-aid and are part of the cult of Elon. Bask in it.
Good grief you are ignorant.
What is your perfect car?
You’d fit right in with the former USSR and only allow 1 type of vehicle.
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