Tesla this week posted just its fifth quarterly profit since going public in 2010. It looks like Elon Musk has finally steered Tesla Inc. TSLA 17.67% around the proverbial corner. Tesla posted just its fifth quarterly profit since going public in 2010, after accumulating a loss of more than $6 billion so far. The third quarter “could represent a critical turning point in the Tesla story,” Nomura Instinet analyst Christopher Eberle wrote in a note to investors. “The company may finally be self-funding.” Tesla earned 78 cents a share, blowing past consensus projections of a loss of 46 cents a share.

Source: Wall Street Journal October 24, 2019 17:58 UTC