Tesla
Tesla, Inc. is an American automotive and energy company based in Palo Alto, California. The company specializes in electric car manufacturing and, through its SolarCity subsidiary, in solar panel manufacturing.

Tesla reported a net income in Q3 of $874 million, up 156 percent compared to a year ago and nearly double its Q2 profit.

Analysts had been forecasting earnings of $593 million.

Shares soared by over 4 percent in after-hours trading, adding to a stock run-up of more than 400 percent for the year to date through Wednesday’s close.

Tesla’s Q3 results come weeks after “Battery Day” — during which the company said it’ll redesign its batteries to improve range and power, and eventually launch a $25,000 vehicle.

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