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TESLA 3Q PROFIT MORE THAN DOUBLES FROM A YEAR AGO TO $3.29B

Tesla reported that its third-quarter profit more than doubled from a year ago, fueled by higher vehicle sales.

The Austin, Texas, electric vehicle and solar panel maker posted net income of $3.29 billion from July through September.

CEO Elon Musk said on the company’s quarterly conference call that the Tesla is considering a $5 billion to $10 billion stock buyback next year, even if the economy stumbles.

And Musk said Tesla’s “Full Self Driving” feature won’t be ready to be used without humans behind the wheel

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