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Tesla shares jump as Musk delivers quarterly profit, cash

Updated : October 25, 2018 07:25 AM IST

Tesla reiterated that it expected to repeat its net profit in the current quarter, helping drive the company's shares up 14 percent in after hours trading.
Tesla said it would begin taking orders in Europe and China for the Model 3 before the end of 2018. Deliveries would begin to Europe in late February or March, and those to China in the second quarter, if not before.
Musk has been under intense pressure to prove he can deliver consistent production numbers for the Model 3, seen as crucial to Tesla's profitability and its ability to be a high-volume car producer.
Tesla shares jump as Musk delivers quarterly profit, cash
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