The electric carmaker reported adjusted EPS of $2.90, well above consensus estimates for a loss of 7 cents per share. Revenue came in at $6.82 billion, soundly ahead of a $6.1 billion consensus.
Shares of Tesla were rising as much as 13% in after-hours trading. The company abruptly announced on Monday that its Q3 report would be coming a week earlier than expected, spurring some to speculate that CEO Elon Musk was eager to announce some positive news for Q3, which he has said in the past would be GAAP-profitable and cash flow positive.
TheStreet's tech columnist, Eric Jhonsa is analyzing Tesla's earnings report and its conference call with analysts scheduled for 6:30 p.m. ET. Please share your questions in the window at the top of the blog. And for great analysis from Jim Cramer and his team on all of the day's market news and advice on which stocks to buy, click here for a free trial of Jim's Action Alerts PLUS club for investors.