Tesla Motors Inc (NASDAQ:TSLA) announced its earnings after the market close on October 26, 2016 and, surprisingly, the company posted a profit when a loss was expected.
Initial reactions saw TSLA stock jump over $10.00, to approximately $215.00 a share, before cooler heads prevailed. The headline numbers were not all they seemed to be, as all of the profits that Tesla stock earned in the quarter were due to zero-emission credits.