Tesla's stock zooms 7% higher after profit beat
It’s a bit of a mixed quarter for Tesla, but the stock is up more than 7% in the extended session after the earnings are out.
Tesla earned $2.17 billion, or 62 cents a share, in the third quarter, compared with $1.85 billion, or 53 cents a share, in the year-ago quarter.
Adjusted for one-time items, the EV maker earned 72 cents a share.
Revenue rose 8% to $25.18 billion.
Analysts polled by FactSet expected adjusted earnings of 59 cents a share on sales of $25.47 billion.