https://techcrunch.com/2019/01/30/tesla-reports-back-to-back-profitable-quarters/

Tesla reported Wednesday a profit of $139 million, or $0.78 a share, and better-than-expected sales, yet failed to meet analysts expectations for earnings in the fourth quarter. Shares, which initially fell after the markets closed, are now up 0.7 percent.

Tesla has managed to string together two profitable periods in a row thanks to sales of the Model 3 and despite several headwinds in the fourth quarter, including a non-cash charge of $54 million attributable to non-controlling interests, higher import duties on components from China, a price reduction for Model S and Model X in China, and the introduction of a lower-priced mid-range version of Model 3.