Tesla shares pop 10% after blowout earnings suggest it may be the 'sustainable self-funded entity' promised by CEO Elon Musk

Tesla shares pop 10% after blowout earnings suggest it may be the 'sustainable self-funded entity' promised by CEO Elon Musk

6 years ago
Anonymous $oIHRkISgaL

https://www.cnbc.com/2018/10/25/tesla-shares-pop-10percent-after-blowout-earnings.html

Tesla shares jumped more than 10 percent in premarket trading Thursday after the electric car maker delivered third-quarter earnings that blew past expectations and show signs the company is on its way to becoming the sustainably self-funded company promised by CEO Elon Musk.

Musk had previously said he expected Tesla to be both profitable and cash-flow positive in the third quarter. Before releasing its results late Wednesday, Tesla had reported just two profitable quarters as since it went public in 2010.