Results come after Elon Musk’s electric car company lost $1.1bn during the first half of 2018

Tesla rebounded from a rocky start to the year when it reported a surprise third-quarter profit of $143m on Wednesday, sending its stock price soaring more than 17% in after-hours trading.

The electric automobile company’s revenues of $6.3bn narrowly missed analyst expectations, but adjusted earnings per share of $1.86 far exceeded expectations that the company would continue losing money.

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Read More Tesla rebounds from rocky start to year with surprise profit of 3m

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