New York (CNN Business) Tesla reported by far its best quarterly profit Wednesday and said it still hopes to hit its target of half a million car sales this year. Tesla TSLA The strong results and ambitious goal were good news to investors in the high-flying stock, which has gained more than 400% so far this year. Tesla reported net income of $874 million excluding special items, up 156% compare to what it made on that basis a year ago and nearly double its second quarter profit. Including special items, net income came in at a more modest $331 million. That was more than triple its second quarter earnings, which were released as it was coming off of the temporary lockdown of its plant.

Source: CNN October 21, 2020 20:34 UTC