Tesla Sees Financial Boost Thanks To Speedy Model 3 Production

Entertainment (now) 2018-10-25

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(Reuters) - Tesla Inc (TSLA.O) made good on Chief Executive Officer Elon Musk’s promise that it would turn a profit in the third quarter as it ramps up production of its Model 3 sedan, sending its shares up 7 percent in after-market trade. REUTERS/Mike Blake/File Photo The Silicon Valley electric carmaker said on Wednesday that it made a net profit of $311.5 million in the quarter and had free cash flow of $881 million.

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