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Phoenix666 [soylentnews.org] writes:

Electric car maker Tesla has reported net income of $21.9m (£17.9m) for the third quarter [bbc.com] 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 car.

Tesla [shareholder.com]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 [shareholder.com].

A sign of things to come for Tesla's bottom line, or a blip before the big boys catch up?

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