Tesla Stock Rises After Earnings Beat Estimates
Tesla’s earnings beat Wall Street’s estimates for the third quarter. Shares are rising in after-hours trading.
The electric vehicle company reported 72 cents a share in earnings, up 9% year over year and better than the 60 cents that analysts expected.
Operating profit margin was 10.8%, up 3.2 percentage points year over year and better than the roughly 8% margin that analysts projected.