Investing.com - Tesla shares soared after the open on Thursday, after the company posted its second profitable quarter ever and beat analyst expectations for the third quarter by a wide margin.
The automaker said it earned 71 cents a share on an adjusted basis in the third quarter on $2.3 billion in revenue. Analysts expected a loss of 54 cents per share on $1.98 billion in revenues, according to market estimates.
Tesla (NASDAQ:TSLA) shares rallied 5.37%, or $11.19, to $213.18 in early trade in New York, the highest level since October 3.
To see more of Investing.com’s weekly comics, visit: http://www.investing.com/analysis/comics