Shares of Tesla rose 4.5 to $329, extending their rally following bullish results on Wednesday.
Revenue more than doubled from previous year to $6.8 billion to easily top analyst estimates, just as the profit did.
Tesla has battled widespread scrutiny, following Musk's August 7 tweet that he was planning to take Tesla private and had "funding secured".
Hargreaves Lansdown analyst Nicholas Hyett said: "Production numbers earlier this month meant we already knew Tesla could churn out the cars, the question was whether it could it do it profitably, and even more importantly, could Musk wean the company off a constant flow of cash from investors?"
"It is the most encouraging sign of sustainable profitability that we've seen in three years", said Gene Munster, a managing partner at venture capital firm Loup Ventures. In addition to the net income, Tesla also reported $881 million of free cash flow in the quarter.
Musk set lofty goals and insisted on sticking to them but the company has not met its own targets, according to countless media reports.
"Q3 2018 was a truly historic quarter for Tesla", said the flamboyant Musk, who also heads SpaceX.
Twins Hiring Rocco Baldelli as Manager
Molitor was named American League Manager of the Year in 2017 and was sacked with two years remaining on his contract. The only year as a professional he spent apart from the Rays was 2009, when he played in 62 games for Boston.
CIA Director to brief Trump on Khashoggi
It is only recently that the government of Saudi Arabia has confirmed that Khashoggi was killed inside the consulate. But the heir apparent could also need to please Turkey , which has been leaking details about Khashoggi's murder.
Musk envisioned a day when Tesla owners would be able to make their autonomous cars part of a ride-sharing fleet run by the company.
"Assuming R&D spending is not delayed and Tesla is not forced to introduce a lower price (Model 3) prematurely to maintain volume, Tesla could be self-funded", Jefferies analysts noted in a client note.
Since Monday, the yield on the bond, which sports a 5.3 percent coupon, has dropped more than 90 basis points to 7.49 percent from 8.40 percent.
Tesla surprised the markets by reporting a third quarter profit of $311.5 million, compared with a loss of $619.4 million in the same period during 2017. Tesla is now building a factory in China, which will feature production lines for two models - likely the Model 3 and Model Y - to be sold in that country. Musk said in June at Tesla's annual shareholder meeting that the automaker would unveil the vehicle in March.
Other analysts believe that Tesla has indeed turned a corner and is on a growth path. This "creates a significant barrier for competition and ... should be a competitive advantage for TSLA over the long term", Ben Kallo, senior research analyst at Baird, wrote in a note using Tesla's stock ticker rather than its name. Reduces the discounted cash flow valuation of Tesla's shared mobility business to $71/share from $95/share previously, allowing for a slower ramp and increasing competition from peers.
Tesla, Inc shares were trading at $314.86 per share on Thursday afternoon, up $26.36 (+9.14%).
Addressing students, she spoke of the vital importance of education for girls in developing countries. She said Harry has taken to walking slightly ahead of Meghan, which is likely a protective gesture.
The monarch had adopted the corgi after owner Bill Fenwick, a former gamekeeper at Sandringham, passed away in January 2017. She was given her own corgi, Susan, on her 18th birthday in 1944, and has had an infamous connection with them ever since.
Betts told reporters he "wanted to stay aggressive and score a run, and on top of that, I just want some tacos". Mookie Betts of the Boston Red Sox stole second base in the first inning, triggering the offer.
The Huawei Mate 20 and Mate 20 Pro comes with 128GB of internal storage , however, there is a 256GB version for the latter model. Also, the Huawei Mate 20 Pro 6GB RAM/128GB storage variant is priced at 5299 yuan (Rs 55,985 approx.).
After pulling away late for an 8-4 win in Game 1 against the Dodgers , the Red Sox trailed 2-1 in the fifth inning of Game 2. During the regular season, Martinez.330/.402/.629 with 37 doubles, 43 home runs and a league-leading 130 RBI.
The visit was announced on Omani state television, which aired video footage of the aging ruler greeting his Israeli counterpart. The statement said Netanyahu had been invited by Oman's Sultan Qaboos bin Said after lengthy communications.
Still, about half of the approximately 320 million people living in the USA are expected to play in today's Mega Millions drawing. They said a single ticket sold at the KC Mart in Simpsonville , S.C., matched all six numbers to win the Mega Millions jackpot.
Prince Harry says that he was overwhelmed by the warm Fijian welcome they received from the people yesterday afternoon. In a stunning fashion faux pas, a glowing Meghan Markle was pictured with the price tag still dangling from her dress.
De Niro, Biden latest suspected targets as Trump slams media
The package was addressed to former CIA Director John Brennan , CNN reported , citing city and local law enforcement officials. In June, 75-year-old De Niro received a standing ovation at the Tony Awards in NY for using an expletive to condemn Trump.
Seven hours, 18 innings
Outfielder Andrew Benintendi received only one at-bat in 18 innings, his pinch-hitting appearance not quite aligning with J.D. The game surpassed a 14-inning Game 2 battle the two teams waged the last time they met in the World Series - in 1916.
After deadly protests, rockets fly and Israel strikes Gaza
Israeli aircraft have struck dozens of militant sites across the Gaza Strip as militants fired some 30 rockets into Israel. More than 200 Palestinians have been killed in the territory by Israeli fire since the protests began on March.
Actor Robert de Niro has sent bomb
The Soros package was believed to have been placed in a mailbox rather than mailed, a separate law enforcement source said. Trump has repeatedly criticized CNN as "fake news" and disparaged the mainstream news media as an "enemy of the people".
Sri Lanka President sacks Prime Minister
His government also pledged justice for those accused of committing atrocities in Sri Lanka's civil war during Rajapaksa's rule. Rajapakse's hardline government was also accused of corruption and murdering political opponents.
Trump Vows 'Swift and Certain Justice' for Bomb Suspect
In the 2002 bomb threat case, Sayoc pleaded guilty to the felony without a trial and was sentenced to probation, the records show. Most of those targeted were past or present US officials, but one was sent to actor Robert De Niro and billionaire George Soros .
Xiaomi Mi Mix 3 has tiny bezels and 10GB of RAM
Everything should look great on the 6.39-inch FHD+ AMOLED display which offers a 1080 x 2340 resolution and 19:5:9 aspect ratio. In addition, the Mi Mix 3 comes 5G ready, where it'll be compatible with European networks from the first quarter of 2019.
Man detained in Florida in connection to pipe bombs
Most of those targeted were past or present US officials, but one was sent to actor Robert De Niro and billionaire George Soros . Sayoc is a registered Republican in Miami-Dade County and listed as an "active" voter, according to Florida voting records .
NBC says ‘Megyn Kelly Today’ not returning to the air
Megyn Kelly won't return to her NBC show and is negotiating her exit from the network, according to NBC and a number of reports. The network on Friday again aired a repeat of " Megyn Kelly Today " just as it did Thursday following this week's controversy.
Wolves not inclined to accept Rockets' Butler offer
Our first trade will include a lot of draft picks, per the story above - and all have gone through the ESPN trade machine legally. Butler, 29, is averaging 24.8 points, 5.3 rebounds, 3.5 assists and 3.8 steals in four appearances this season.