Tesla shares jump on rare quarterly profit - tech

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Thursday, October 25, 2018

Tesla shares jump on rare quarterly profit


(Reuters) — Tesla reported a net profit, positive cash flow and wider-than-expected margins for the latest quarter on Wednesday, delivering on Chief Executive Elon Musk’s promise to turn the electric carmaker profitable as higher production volumes of its new Model 3 began to pay off. Tesla reiterated that it expected to repeat its net profit…Read More

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