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It did not specify what the non-recurring items were.Tesla CFO Zach Kirkhorn said on an earnings call on Wednesday afternoon that the company recognized $30 million in revenue related to the Smart Summon update.Today's third-quarter earnings report is the first for Tesla since the departure of co-founder and former Got a confidential news tip? Capital expenditures increased sequentially due to investments in Gigafactory Shanghai and Model Y preparations in Fremont. Tesla TSLA, +1.83% said it earned $104 million, or 50 cents a share, in the quarter, contrasting with a loss of $408 million, or $2.31 a share, in the …

The company claims it's not far from being able to remove the confirmation step entirely.The company has also been going a little construction crazy. "Specifically, automotive gross margins for Tesla rose to 22.8% in the third quarter, up from Q2 auto gross margins of 18.9%, but still less than the 25.8% automotive gross margins Tesla reported during the third quarter last year. Tesla delivered a strong third-quarter earnings report after the bell on Wednesday, posting a surprise profit and telling shareholders it is ahead of schedule with a new factory in Shanghai. "Gigafactory Shanghai was built in 10 months and is ready for production, while it was ~65% less expensive (capex per unit of capacity) to build than our Model 3 production system in the US. Quarter-end cash and cash equivalents increased by $930M QoQ to $6.3B, driven by positive quarterly free cash flow of $1.0B.

Tesla Inc. quarterly stock financials by MarketWatch.

Analysts expects Tesla to earning per share of about $-0.99, which means losses.

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The Gigafactory in Shanghai is getting its There's likely to be plenty more information that we'll get as part of the company's earnings call later Wednesday, so stay tuned to Roadshow for all your Tesla news.Be respectful, keep it civil and stay on topic. View the latest TSLA financial statements, income statements and financial ratios. Tesla said that margins were improved in part through "Smart Summon-related deferred revenue recognition, FX and other non-recurring items."

Tesla, Inc. is estimated to report earnings on 04/22/2020.

Tesla First Quarter Earnings Report. Data is a real-time snapshot *Data is delayed at least 15 minutes. According to the company's report, it also managed to sell a healthy number of vehicles, over 90,000 in fact -- though at a reduced average selling price -- even though production was down by 20% quarter over quarter because of California's shelter-in-place restrictions.From a technological standpoint, Tesla's most significant achievement in Q2 was the certification of the Model S' new range of 402 miles.

The company Tesla is also hard at work on improving its Autopilot software by using customers' vehicle data to improve the neural net behind it. Best

Specifically, the Big T managed to net $104 million of income, making this the fourth consecutive profitable quarter for the electric carmaker.Tesla was able to turn a profit partly because it worked to reduce expenses by furloughing employees, thus decreasing its payroll expenses. "Margins will be in sharp focus on today's earnings call, in part, because Tesla launched new Autopilot software upgrades which enabled the company to recognize deferred revenues. The high EPS forecast is $0.18 and a Low EPS forecast is $-2.88 for worse case scenario.

At the same time, Tesla says it is planning to make a limited run of its Tesla Semi truck next year, and hopes to soon announce the location of its European Gigafactory, where it aims to begin making electric vehicles in 2021. Notably it now allows Autopilot to stop at or drive through an intersection with driver confirmation.

It didn't make a crazy amount of money, but the fact that it did better than break even is pretty amazing. This makes S the longest-range electric vehicle that is available to buy today.

To start with, Tesla was once again profitable. Tesla Q2 2020 earnings report shows fourth consecutive profitable quarter. We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services. This period marked Tesla's first full quarter with a factory open in Shanghai and Tesla's first quarter of Model Y deliveries and production. Car Shares spiked more than 20% after hours, putting them at their highest price since February.The electric car maker gave investors plenty to look forward to next year. 5 * Revenue on leased vehicles is recognized on monthly lease payments, and thus The company has been selling more, lower-priced Model 3 vehicles in 2019, and fewer of its higher-priced Model S and Model X's.The company said in its Q3 2019 report: "Despite reductions in the average selling price (ASP) of Model 3 as global mix stabilizes, our gross margins have strengthened. It's impressive that the carmaker was able to make money despite factory shutdowns and the coronavirus-related economic malaise of the past few months.After four consecutive quarters of profitability, Elon's probably feeling good.Given the state of the global economy and the factory shutdowns mandated by the state of California, it's been pretty tricky to predict just how What does that mean exactly? The consensus EPS forecast for the quarter is $-0.99. Subscribe to the Roadshow newsletter, receive notifications and see related stories on CNET.

Annual deliveries increased to between 367,000 and 368,000 units in 2019.