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Tesla returns to profit: +21,9 million in the third quarter

For the electric car manufacturer it is the first positive quarter after eight quarters with the minus sign - Revenues above expectations at 2,30 billion dollars.

Tesla returns to profit: +21,9 million in the third quarter

The third quarter of is on file Tesla, which returns to profit after eight consecutive quarters in the red. For Elon Musk and his creature it is a very important result, after the latest difficulties on Wall Street (linked to skepticism related to the pending acquisition of SolarCity), where the stock, after the publication of the results, recorded increases of 6% in after market.

In the reporting period, the Musk-led group posted earnings of $21,9 million, 14 cents a share, versus a loss of $229,9 million, $1,78 a share, for the same period in 2015. adjusted shares were 71 cents a share versus analyst expectations for a loss of 54 cents a share.

Revenues also improved, to 2,30 billion, up 81% on the 937 million of the same period last year. Also in this case, it exceeded the forecasts of analysts, who expected a turnover of around 1,90 billion dollars.

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