Hyperdrive
Tesla Profit Blowout Reverses Much of Musk's Damage to Stock
- Shares surge to levels last seen when CEO was pursuing buyout
- Musk has vowed to end era of routine losses, big cash burn
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Profit secured.
Tesla Inc. blew away expectations with just the third quarter of positive earnings in its history, bolstering Elon Musk’s bid to make selling electric cars a financially sustainable business.