New York (CNN Business)Tesla has turned a profit as it nears the end of a long, trying year.
The company posted its third-quarter earnings Wednesday, with a net profit of $312 million, by far its largest ever. The company’s stock shot up around 10% during after-hours trading.
“Q3 2018 was a truly historic quarter for Tesla. Model 3 was the best-selling car in the US in terms of revenue and the 5th best-selling car in terms of volume,” (TSLA
) CEO Elon Musk
said in a letter to investors.