Wednesday 26 October 2016

Tesla reports first quarterly profit in more than three years



Tesla Motors Inc (TSLA.O) reported its first quarterly net profit in more than three years on Wednesday as record deliveries helped to offset rising expenses related to next year's roll-out of the company's mass-market Model 3 sedan. Tesla, led by billionaire entrepreneur Elon Musk, recorded net income of $21.9 million, or 14 cents per share, for the third quarter ended Sept. 30 compared with a loss of $229.9 million, or $1.78 per share, a year earlier. Tesla, which went public in 2010, had not made a net quarterly profit since the first quarter of 2013.
Read more at  http://www.reuters.com/

No comments:

Post a Comment