Tesla Stock Up Despite 3rd Quarter Loss

TeslaTeslaUnited States of America, 2003 > present4 models
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is making money despite losing money. It released its third quarter financial information yesterday and posted a net income loss of $110.8 million for the quarter compared to a loss of $65.1 million. Its revenue was down 13% to $50.1 million. However, there was good news in the results; Tesla says that it is now building the Model STesla Model SUnited States of America, 2012 > present7 versions
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at a profitable rate. Since yesterday, Tesla's stock has raised from $30.68 a share to $31.64 a share as of this writing. 

Tesla has gone from building 5 Model S cars a week at the beginning of the quarter to building over 200 a week, and it is set to double production in the next month. That could potentially make the company profitable soon. 

In the third quarter, Tesla sold 253 of the Model S, 68 RoadstersTesla Roadster Gen.1United States of America, 2006 > 20123 versions
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and an unreported number of powertrains for the Toyota Rav4 EVToyota Rav4 EVJapan, 2013 > present5 photos
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.

Source: New York Times