Tesla blew past analysts’ expectations for quarterly earnings and revenue while reporting its first profit in two years.
The electric car-maker reported adjusted earnings of $2.90 per share on revenue of $6.82 billion, exceeding average analyst expectations of losses of 15 cents per share on revenue of $6.32 billion.
The period ending September 30 “was a truly historic quarter for Tesla,” the company said in a statement. “Model 3 was the best-selling car in the US in terms of revenue and the 5th best-selling car in terms of volume.”
