Thursday, October 27, 2016

Tesla Surprises Investors With Quarterly Profit Ahead of Merger Vote - The New York Times

Sunny days ahead for Tesla; also see Elon Musk Says Tesla Car-Share Network Is ‘the People vs. Uber’ (Bloomberg)
"The electric carmaker Tesla Motors said on Wednesday that it earned $22 million in the third quarter, its first profitable period since 2013, raising expectations for the success of its expansion plans.

The company’s chief executive, Elon Musk, said in a letter to investors that the results reflected improvements in vehicle production, the addition of new stores and a steady increase in market share for its luxury models.

“We were able to have our best quarter ever, and we are heading toward a great fourth quarter as well,” Mr. Musk said in a conference call with analysts."
Tesla Surprises Investors With Quarterly Profit Ahead of Merger Vote - The New York Times
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