Tesla Inc posted a surprise quarterly profit on Wednesday, making good on Chief Executive Officer Elon Musk’s promise, and said it was “highly confident” in exceeding its target of delivering more than 360,000 cars this year. Shares of the company shot up 14% to $291.39 in extended trading after Tesla also confirmed that it was producing vehicles on a trial basis at its Gigafactory in Shanghai. “We have cleared initial milestones toward our manufacturing license and are working towards finalizing the license and meeting other governmental requirements before we begin ramping production and delivery of vehicles from Shanghai,” …read more
Source:: Yahoo Finance
