Tesla posts surprise quarterly profit on record deliveries

Tesla Inc posted a surprise quarterly profit on Wednesday. Analysts were expecting a loss of 42 cents per shar
23 Oct, 2019
  • Tesla Inc posted a surprise quarterly profit on Wednesday.
  • Analysts were expecting a loss of 42 cents per share.
  • The electric car maker's net income attributable to common shareholders was $143 million.

The electric car maker's net income attributable to common shareholders was $143 million, or 78 cents per share, for the third quarter, compared with $311 million, or $1.75 per share, a year earlier.

Excluding items, Tesla posted a profit of $1.86 per share. Analysts were expecting a loss of 42 cents per share.

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