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Tesla Earns Surprise Profit

Matthew DeBordNov 6, 2014, 02:47 IST

Tesla just reported third quarter earnings.

Revenue beat expectations, at $932 million for the quarter. EPS was 2 cents.

Analysts expected a loss of 1 cent per share, against a gain of 12 cents for the same period last year.

All eyes are on Tesla sales. There has been speculation and reporting - disputed by Tesla CEO Elon Musk - that U.S. demand for Tesla's Model S sedan is weakening.

Tesla expects to sell 35,000 cars worldwide and over 17,000 in the U.S. in 2015.

We'll update this post as we learn more.