Tesla Reports $310 Million Q3 Net Profit... Increased Likelihood of S&P 500 Inclusion (Update)

Supply of 139,300 Units...Record High Ever

[Image source=Reuters Yonhap News]

[Asia Economy New York=Correspondent Baek Jong-min] Electric vehicle manufacturer Tesla has recorded net profits for five consecutive quarters. The possibility of inclusion in the S&P 500 index, which was previously dismissed, is expected to resurface.

On the 21st (local time), Tesla announced its Q3 results with revenue of $8.47 billion and net profit of $313 million. Earnings per share were 76 cents.

This exceeded all market expectations. Market experts had predicted revenue of $8.26 billion and earnings per share of 55 cents.

During this period, the number of vehicles delivered was 139,300. This is a new quarterly delivery record for Tesla.

Tesla's stock price rose 0.17% during regular trading on the day, and increased 1.48% in after-hours trading.