trending Market Intelligence /marketintelligence/en/news-insights/trending/0kvmr7ZFhAmQcYU_Mm4Fug2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Tesla shares jump 17.6% on Q3 profit

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Tesla shares jump 17.6% on Q3 profit

Electric-car maker Tesla Inc.'s shares surged in after-hours trading as the company posted profit for the third quarter ended Sept. 30, beating analyst expectations.

Shares of the company were up 17.6% to $299.50 in after-hours trading.

The automaker reported non-GAAP net income attributable to common stockholders of $342 million, or $1.91 per share. Analysts had expected a loss of $40.7 million, according to the mean consensus estimate for net income excluding exceptions on S&P Global Market Intelligence.

Tesla posted a net profit of $516 million, or $3.02 per share, in the year-ago period.

Revenue in the third quarter came in at $6.3 billion, down 8% from $6.82 reported in the third quarter of 2018, and missing analysts' estimates of $6.48 billion, according to Market Intelligence.

Automotive revenue in the third quarter was $5.35 billion, down 12% from $6.1 billion in the prior-year period.

Capital expenditures for the quarter were $385 million.

Tesla said it is "highly confident" in exceeding 360,000 deliveries this year. The company had previously reported that it produced 96,155 vehicles and delivered 97,000 in the third quarter.

The automaker said it expects positive GAAP net income going forward with "possible temporary exceptions" around the launch of new products. On a GAAP basis, net income attributable to common stockholders in the period totaled $143 million.

In addition, Tesla said it has started producing vehicles on a trial basis at its Gigafactory in Shanghai.

"We have cleared initial milestones toward our manufacturing license and are working towards finalizing the license and meeting other governmental requirements before we begin ramping production and delivery of vehicles from Shanghai," the company said in a statement.