Tesla has turned the largest profit in its history, and the first recorded by the company in two years.
The electric car maker made more than $300m (£232m) in the third quarter of the year, a result that chief executive Elon Musk called “truly historic” in a letter to investors. Tesla’s share price briefly rose by more than 10pc on the news.
The results are a vindication for Mr Musk, who had assured investors that Tesla would be profitable in the quarter. In the previous three months, the company had made a loss of $717.5m and many analysts had predicted it would have to raise money to stay afloat.
The trick is going to be being able to do this next quarter. Becassue if you pull every trick you can then you can make one q profitable. At the expense of the next…..