Tesla shares jump as profits rise on lower expenses …C0NTINUE READING HERE >>>
The positive results broke a string of recent Tesla earnings that have seen the high-flying company report lower profits.
Photo: Patrick T. Fallon / AFP
Source: AFP
Tesla shares surged Wednesday after the electric car maker reported a jump in profits, as increased auto sales and lower expenses offset the drag from a drop in vehicle prices.
The company, led by Elon Musk, reported third-quarter profits of $2.2 billion, up 17 percent from the year-ago period on an eight-percent increase in revenues to $25.2 billion.
The results broke a string of recent Tesla earnings that have seen the…
>