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    Tesla shares surge on report of a profit and improved cash flow in third quarter

    by Russ Mitchell, Los Angeles Times Oct 24, 2018 3 minutes

    Elon Musk met his profit and cash flow promises, according to the third-quarter numbers electric car company Tesla Inc. released Wednesday afternoon.

    The company said it earned $311.5 million on $6.82 billion in revenue, delivering its third quarterly profit since 2013. Free cash flow came in at a positive $881 million. Cash on hand rose to $3 billion, up $731 million from the second quarter.

    Earnings per share were a positive $1.82, well above analyst forecasts, which had ranged from a $1.75 loss to

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