Tesla Profit at $312 Million

Tesla reports for the 3rd quarter of 2018 a record revenue of 6.82 billion dollars (5.97 billion Euro) and a rare profit of 312 million Dollars (273.8 million Euro). Per share this is a profit of 1.75 dollars (1.54 Euro).

Analysts had projected revenue of 5.667 billion dollars (4.97 billion Euro) and a loss of 0.53 dollars (0.47 Euro) per share. At the same time Tesla’s cash reserves increased by 731 million dollars (646.6 million Euro) to 2.9 billion dollars (2.55 billion Euro).

Those results gave the shares a boost of 10 percent after market close

Here is a link to the quarterly report.

This article has also been published in German.

 

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