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Tesla's Q3 report presents surprise profit

The EV manufacturer's share price surges after presenting a positive quarterly report.

Photo: Aly Song/Reuters/Ritzau Scanpix

US-based electric carmaker Tesla surprised investors Wednesday evening with a profit, and even though the company's revenue took an unexpected dip, its share price jumps 11.9 percent in aftermarket trading.

Tesla closed Q3 with an adjusted per-share profit of USD 1.86 against USD 2.9 from one year ago, while revenue slid 7 percent to USD 6.3 billion. Analysts had counted on per-share negative earnings of USD 0.04 and USD 6.45 billion in revenue, according to Bloomberg.

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