Tesla results: Earnings of 71 cents a share vs estimate of 54...

Tesla results: Earnings of 71 cents a share vs estimate of 54 cents a share loss
Robert Ferris | @RobertoFerris
1 Min AgoCNBC.com

Hector Guerrero | AFP | Getty Images
Tesla Motors CEO Elon Musk
Tesla's third quarter earnings beat analyst expectations by a wide margin, as the company earned 71 cents a share on an adjusted basis on $2.3 billion in revenues.


Analysts expected a loss of 54 cents per share on $1.98 billion in revenues, according to a Thomson Reuters consensus estimate.

The earnings come weeks after Tesla announced record delivery and production numbers, beating out second quarter delivery and production numbers by 70 percent and 37 percent, respectively.

Tesla shares were up more than 5 percent in after-hours trading.

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