10/21, 10:08 PM (Source: TeleTrader)
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Tesla's EPS jumps 69% YoY to $0.27 in Q3

Tesla's GAAP earnings per share surged by 69% year on year to $0.27 in the third quarter, the company announced on Wednesday. Its net income attributable to common shareholders jumped 131% in the same period to $331 million while automotive revenue increased by 42% compared to the third quarter in 2019 to $7.6 billion.

Total production was up by 51% in the third quarter compared to the same three-month period a year ago as the company made 145,036 vehicles. Total deliveries increased 44% year on year to 139,593. The electric carmaker added it currently has three plants in operation, in Fremont and Shanghai, while seven more factories are either in development or in construction.

Tesla shares rose 2.45% in after hours trading, following the earnings release.

Breaking the News / VP