Tesla Q3 Trounces Analyst Estimates

Tesla (NASDAQ: TSLA) posted its latest quarterly figures after market close on Wednesday, and the shares are trading up in response.

For the company's third quarter of fiscal 2020, revenue rose by 39% on a year-over-year basis to $8.77 billion. On the bottom line, non-GAAP (adjusted) net profit doubled and then some, to $874 million ($0.76 per share) from the year-ago result of $342 million.

Image source: Tesla.

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Source Fool.com