Electric car maker Tesla has reported net income of $21.9m (£17.9m) for the third quarter after 13 consecutive quarterly losses.
This compared with a loss of $230m a year earlier.
Record deliveries helped to offset rising expenses for next year's roll-out of the company's mass-market Model 3 saloon (sedan) car.
Tesla [PDF] delivered a record 24,821 cars during the quarter, more than 300 more than estimated.
Shares in the electric car maker jumped 3.76% in after-hours trading.
"The Tesla third quarter results reflect strong company-wide execution in many areas," said chief executive Elon Musk and chief financial officer Jason Wheeler in a statement [PDF].
A sign of things to come for Tesla's bottom line, or a blip before the big boys catch up?
Forbes is reporting that Tesla reported a profit for the third quarter yesterday. Wall Street expected Tesla to post another loss:
http://www.forbes.com/sites/kenkam/2016/10/27/elon-musk-surprises-wall-street-with-tesla-profits/#732fb8517cec (Javascript required.)
I, for one, am happy to see this. Not just because I have reserved a model 3, but because I am very much in favor of Tesla's mission, and hope very much that they succeed.
(Score: 3, Interesting) by Aiwendil on Saturday October 29 2016, @07:07AM
Tesla girls? [youtu.be]